Cash accounting for ltd company?

Hello KBO,

We would not be able to advise you on HMRC regulations - you would need to check this with them, who can then advise you of the next steps if this is the case.

Thanks,

Talia

Hello KBO,

Just an Intuit agent :) Hopefully an accountant user will be able to help you!

Thanks,

Talia

@KBO 

the answer is here

https://www.gov.uk/simpler-income-tax-cash-basis/who-can-use-cash-basis

Hi there,

Thanks for the link, I read that site exactly, hence my question to anybody who is limited company and yet,

doing cash accounting.

I was advised by a chartered accountant so I presumed she knew what she was doing.

Anybody who is limited co and doing cash accounting?

Many thanks again!

...and you are absolutely right, and I am pretty sure she didn’t recommend me cash accounting either- I must have confused or washed up the flat rate Vat accounting which is like a cash accounting concept... 

anyways, I also discovered that in the end I was doing accrual accounting anyways, my excel just hid it- as I was not doing regular accounting, I must have forgotten the way I set up my own excel which actually gave a

picture of both... bottom line is that all is fine in my books, I was just confused for some reason - apologies for this confusion,

the good thing is to know there is an active community here and all your quick replies were much appreciated!

thanks to all!