BAS Report - Revision history

Cyle van Niekerk at 11:03, 2 December 2013

2013-12-02T11:03:35Z

Simon Clive at 02:47, 20 July 2011

2011-07-20T02:47:14Z

Simon Clive at 02:20, 20 July 2011

2011-07-20T02:20:48Z

Simon Clive at 01:04, 20 July 2011

2011-07-20T01:04:43Z

Simon Clive at 01:03, 20 July 2011

2011-07-20T01:03:40Z

Simon Clive at 00:59, 20 July 2011

2011-07-20T00:59:16Z

Simon Clive at 00:58, 20 July 2011

2011-07-20T00:58:05Z

Simon Clive at 00:47, 20 July 2011

2011-07-20T00:47:17Z

Simon Clive at 00:46, 20 July 2011

2011-07-20T00:46:49Z

Simon Clive at 00:44, 20 July 2011

2011-07-20T00:44:46Z

@@ Line 37: / Line 37: @@
 *Select the period you require - '''Monthly''' or '''Quarterly'''.
 *From the '''Drop Down''' '''Menus''' Select the '''Month/Quarter Beginning,''' and the '''Current Year''' periods.<br>
 *Select the '''Options''' button <br>
 *Select a '''Department '''or tick the '''All''' box
 *Choose an '''Accounting Method''' - '''Accrual''' or '''Cash '''
 *Select '''Ok '''to Save and return to the main report.<br>
 *'''Save''' the report and the '''Description''' box will display to enter a name.
 *Select '''Ok''' to Save and Close
@@ Line 52: / Line 52: @@
 *Select either '''Cash''' or '''Accrual'''
 *'''Cash''' is used for Businesses using a cash basis of Accounting for Goods and Services Tax (GST) or Value Added Tax (VAT) payable and for input tax credits when payment for a taxable supply or creditable acquisition is either made or received.
-*Entities using an '''Accrual''' or Non Cash basis of accounting for Goods and Services Tax (GST) or Value Added Tax (VAT) and payable for input tax credits account for GST. When they receive or pay any consideration, or When an Invoice is issued or received, whichever occurs earlier. <br>
+*Entities using an '''Accrual''' or Non Cash basis of accounting for Goods and Services Tax (GST) or Value Added Tax (VAT) and payable for input tax credits account for GST. When they receive or pay any consideration, or when an Invoice is issued or received, whichever occurs earlier. <br>
 == Creating BAS/VAT by Department  ==
@@ Line 64: / Line 64: @@
 == Adjusting the Configuration of the BAS/VAT Statement  ==
-The '''BAS/VAT''' Report is set up so that you can make changes to the tax code links.It is Important to note, that only a qualified Accountant should carry out this process. The selections need to be checked to ensure you get your desired results.
+The '''BAS/VAT''' Report is set up so that you can make changes to the tax code links. It is Important to note, that only a qualified Accountant should carry out this process. The selections need to be checked to ensure you get your desired results.
 *Select the '''G1''' button link for '''Total Sales &amp; Income &amp; Other Supplies'''.
 *Included '''Tax Codes''' are '''CAG''', '''E''', '''EXP''', '''FRE''', '''GST''', '''GSTIM''', '''NCF''', '''NCG''', '''NT''', '''PRI'''
 *'''Selected Tax Codes''' displays all the accounts that will appear under the total for '''G1'''.
 *If modification is required, '''Hold Down''' the '''Ctrl''' Key and select the item/s you wish to add or remove from this selection.
-*Select '''OK''', to save or select '''Cancel''' if you want to exit without saving.
+*Select '''OK'''&nbsp;to save or select '''Cancel''' if you want to exit without saving.
 == Use the same process for all other BAS/VAT Buttons  ==
@@ Line 79: / Line 79: @@
 *Input Tax Sales &amp; Income &amp; Other Supplies '''G4'''
-*Adjustments'''G7 - '''Included Tax Codes are '''ADJ'''
+*Adjustments&nbsp;'''G7 - '''Included Tax Codes are '''ADJ'''
 *Capital Acquisitions '''G10 - '''Included Tax Codes are '''CAF, CAG '''
 *Other Acquisitions '''G11- '''Included Tax Codes are '''NCF''', '''NCG''', '''NCI '''
 *Acquisitions for making input taxed sales &amp; income &amp; other supplies '''G13 - '''Included Tax Codes are '''CAI''' and '''NCI '''
 *Acquisitions with no GST in the price '''G14 '''- Included Tax Codes are '''CAF''' and '''NCF '''<br>
-*Total of estimated private use of acquisitions &amp; non-deductible '''G15 - '''Included Tax Codes are'''PRI'''
+*Total of estimated private use of acquisitions &amp; non-deductible '''G15 - '''Included Tax Codes are&nbsp;'''PRI'''
 *Adjustments '''G18''' '''- '''Included Tax Codes are '''ADJ'''
 == Taxes and Amounts withheld <br>  ==
 Follow the same procedures as per '''Supplies and Acquisitions'''
 *Select the '''BAS/VAT''' Report button, this will open the BAS/VAT Report Statement at the '''Supplies and Acquisitions''' section of the report.
 *Select the '''Taxes and Amounts Withheld''' tab
 *Select the Reporting Period either '''Monthly''' or '''Quarterly'''
 *Select the '''Quarter beginning''' and '''Year'''
-*Click '''W1''', '''W2''', '''W3''', '''W4''', '''T1''' to View all the accounts that will appear under the totals.
+*Click '''W1''', '''W2''', '''W3''', '''W4''', and/or&nbsp;'''T1''' to View all the accounts that will appear under the totals.
 *'''W1''' is a combination of the Gross Wages expense accounts, '''E.g.''' all accounts that go into the Gross Wages as a total and '''W2''' is the PAYG tax expense account. Amounts will refresh as you click on these buttons.
 *Select any of these buttons and the '''Select Accounts''' screen will load.
 *If modification is required, '''Hold Down''' the '''Ctrl''' Key and click on the item you wish to add or remove from this selection.
 *Select '''OK''' to save, or select '''Cancel''' if you want to exit without saving.
@@ Line 109: / Line 109: @@
 *Select the '''BAS/VAT''' Report button this will open the BAS/VAT Report Statement at the '''Supplies and Acquisitions''' section of the report. Select the '''BAS/VAT Debits and Credits''' tab
 *Click '''1C, 1E, 1D, 1F, 1G''' to '''View '''all the accounts that will appear under the totals.
-*The'''Select Accounts''' screen will appear.
+*The&nbsp;'''Select Accounts''' screen will appear.
 *If modification is required, '''Hold Down''' the '''Ctrl''' Key and click on the item you wish to add or remove from this selection.
 *All other fields will be populated with values calculated accordingly in respect to the selected tax codes for each of the '''Select Accounts '''fields.
 *Select '''OK''' to save, or select '''Cancel''' if you want to exit without saving.
@@ Line 171: / Line 171: @@
 |}
 You should not replace any of the above codes as reports such as your BAS depend on the correct tax code being used.<br><br>
 === VAT (Europe)<br>  ===

@@ Line 149: / Line 149: @@
 | GST on Imports<br>
 |-
 | NCF<br>
 | Non-Capital Acquisition - GST Free<br>
 |-
@@ Line 161: / Line 161: @@
 | Private<br>
 |-
 | <br>
 | <br>
 |-
@@ Line 171: / Line 171: @@
 |}
 You should not replace any of the above codes as reports such as your BAS depend on the correct tax code being used.<br><br>
 === VAT (Europe)<br>  ===

@@ Line 116: / Line 116: @@
 == Tax Codes<br>  ==
-The Tax Codes for your country will be pre-set when you download the software for your country.
+The '''Tax Codes''' for your country will be pre-set when you download the software for your country.
-−
-{| width="200" cellspacing="1" cellpadding="1" border="1" align="left"
-|-
-−
-−
-|-
-−
-−
-|-
-−
-−
-|}
 === BAS (Australian)<br>  ===
-{| cellspacing="1" cellpadding="1" border="0" align="center" style="width: 460px; height: 355px;"
+{| width="460" cellspacing="1" cellpadding="1" border="0" align="center" style=""
 |-
 ! scope="col" | Code<br>
 ! scope="col" | Description<br>
 |-
 | CAF<br>
@@ Line 142: / Line 133: @@
 | CAG<br>
 | Capital Acquisition - Inc GST<br>
 |-
 | E<br>
@@ Line 158: / Line 146: @@
 | Supplies Including GST<br>
 |-
-| NT<br>
+| GSTIM<br>
-| No Tax<br>
+| GST on Imports<br>
-|-
-| INP<br>
-| Input Taxed Sales<br>
 |-
 | NCF<br>
 | Non-Capital Acquisition - GST Free<br>
 |-
 | NCG<br>
-| Non-Capital Acquisition - Inc GST <br>
+| Non-Capital Acquisition - Inc GST<br>
 |-
-| NCI<br>
+| PRI<br>
-| Non-Capital Acquisition - for making Input Tax<br>
+| Private<br>
 |-
-| WC<br>
+| <br>
-| Combined WET and WGST<br>
+| <br>
 |-
-| WET<br>
+| <br>
-| Wine Equalisation Tax<br>
+| <br>
 |-
-| WGST<br>
+| <br>
-| GST on Wine Equalisation Tax<br>
+| <br>
 |}
 You should not replace any of the above codes as reports such as your BAS depend on the correct tax code being used.<br><br>
 === VAT (Europe)<br>  ===
-{| cellspacing="1" cellpadding="1" border="0" align="center" style="width: 560px; height: 224px;"
+{| cellspacing="1" cellpadding="1" border="0" align="center" style="width: 465px; height: 224px;"
 |-
 ! scope="col" | Name<br>

@@ Line 111: / Line 111: @@
 *The'''Select Accounts''' screen will appear.
 *If modification is required, '''Hold Down''' the '''Ctrl''' Key and click on the item you wish to add or remove from this selection.
-*All other fields will be populated with values calculated accordingly in respect to the selected tax codes for each of the '''Select ''''''Accounts''' fields.
+*All other fields will be populated with values calculated accordingly in respect to the selected tax codes for each of the '''Select Accounts '''fields.
 *Select '''OK''' to save, or select '''Cancel''' if you want to exit without saving.

@@ Line 107: / Line 107: @@
 == BAS/VAT Debits and Credits  ==
-*Select the BAS/VAT Report button this will open the BAS/VAT Report Statement at the Supplies and Acquisitions section of the report. Select the BAS/VAT Debits and Credits tab
+*Select the '''BAS/VAT''' Report button this will open the BAS/VAT Report Statement at the '''Supplies and Acquisitions''' section of the report. Select the '''BAS/VAT Debits and Credits''' tab
-*Click 1C, 1E, 1D, 1F, 1G to View all the accounts that will appear under the totals.
+*Click '''1C, 1E, 1D, 1F, 1G''' to '''View '''all the accounts that will appear under the totals.
-*The Select Accounts screen will appear. If modification is required, use the CTRL Key and click on the item you wish to add or remove from this selection.
+*The'''Select Accounts''' screen will appear.
-*All other fields will be populated with values calculated accordingly in respect to the selected tax codes for each of the "select accounts" fields.
+*If modification is required, '''Hold Down''' the '''Ctrl''' Key and click on the item you wish to add or remove from this selection.
-*Select 'OK' to save, or select 'Cancel' if you want to exit without saving.
+*All other fields will be populated with values calculated accordingly in respect to the selected tax codes for each of the '''Select ''''''Accounts''' fields.
 == Tax Codes<br>  ==

@@ Line 103: / Line 103: @@
 == Fringe Benefit tax instalment for the period  ==
-*Enter in F1, F2, F3 and F4 amounts advised by the ATO or your accountant
+*Enter in '''F1, F2, F3 '''and '''F4''' fields the amounts advised by the ATO or your accountant
 == BAS/VAT Debits and Credits  ==