Difference between revisions of "31. BAS/VAT Options"
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(Created page with "Can you run a BAS Report/VAT Report? In running BAS/VAT Report, Go to Accounts Module, Select VAT Return Button, First thing choose what you report to the tax office on Quart...") |
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| − | + | '''BAS/VAT Options''' | |
| − | In running BAS/VAT Report | + | '''Can you run a BAS Report/VAT Report?''' |
| + | |||
| + | In running BAS/VAT Report: | ||
| + | * Go to '''Accounts''' Module | ||
| + | * Select '''VAT Return Button''' | ||
| + | * First thing choose what you report to the tax office on '''Quarterly''', '''Monthly''' and select the '''Month''' and the '''current year'''. | ||
| + | |||
| + | ''You may select VAT options, Select Department, Tick All, Accounting Method choose Accrual or Cash (need to double check with the Tax Office) Click Ok and Refresh. You can set Tax Code, ERP came preloaded. Take note that anything that was under expese Accounts the BAS should be only working on Expense Account not Liability Account. When everything is ready you can Print BAS Report. In double checking all your entry, you must select Reports, Double click on Tax Summary and make sure that under the column of Tax Code GST you should not have (0) a inputs value on Purchases while you should have a value in outputs Sales. Also in Tax Code NCG you should have a value on inputs purchases, while no value on output Sales your now ready to send your report to the Tax Office.'' | ||
Latest revision as of 09:28, 17 December 2014
BAS/VAT Options
Can you run a BAS Report/VAT Report?
In running BAS/VAT Report:
- Go to Accounts Module
- Select VAT Return Button
- First thing choose what you report to the tax office on Quarterly, Monthly and select the Month and the current year.
You may select VAT options, Select Department, Tick All, Accounting Method choose Accrual or Cash (need to double check with the Tax Office) Click Ok and Refresh. You can set Tax Code, ERP came preloaded. Take note that anything that was under expese Accounts the BAS should be only working on Expense Account not Liability Account. When everything is ready you can Print BAS Report. In double checking all your entry, you must select Reports, Double click on Tax Summary and make sure that under the column of Tax Code GST you should not have (0) a inputs value on Purchases while you should have a value in outputs Sales. Also in Tax Code NCG you should have a value on inputs purchases, while no value on output Sales your now ready to send your report to the Tax Office.
