DIY Accounting Spreadsheets

Excel bookkeeping and accounting software for UK small businesses

Company Accounts

Cash Accounting Scheme

This article explains how to use the Cash Accounting Scheme rather than the Double Entry Scheme.

To use DIY Accounting package with a Cash Accounting scheme rather than the normal Double Entry scheme, only enter the values in Sales and Purchases when the transaction actually clears and use the cleared transaction date[1].

For a Cash Accounting scheme the information in Sales and Purchase would match the transactions in Cash...xls and Bank...xsl. (The easiest way I find to do this is to enter Sales and Purchases when reconciling against a monthly bank statement.)

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