Cash basis

monkeypuzzle47

Quick question please. If you are preparing final accounts using the cash basis for a client. What is the correct accounting policy wording for this to include on the financial statements please?
thank you in advance

JayB2606

Depends if you are using simplified expenses:

As the business turnover is less than £xx,xxx, the partners/proprietor have/has chosen to prepare the under the cash accounting basis, (as well as using simplified expenses).

not the best but gets the job done :-)

monkeypuzzle47

many thanks Jay