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Difference between revisions of "8 BAS Links"

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'''BAS Links'''
 
  
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Which accounts should be selected in the '''Payroll''' section for the'''BAS?'''
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'''Chart of Accounts'''  
  
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*Select the '''BAS Report''' button, this will open the '''BAS Report Statement''' at the '''Supplies and Acquisitions''' section of the report. Select the '''Taxes and Amounts Withheld''' tab
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'''How should these be grouped and under which header account?'''  
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*Select the '''Reporting Period''' either '''Monthly''' or '''Quarterly'''
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*Select the '''Year'''  
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'''<u>Payroll Expenses</u>'''&nbsp; is the header account for the expense accounts listed in payroll preferences. Within Payroll Expenses there is also a '''Gross Wages''' header account. This is the header for '''Payroll Expenses''' other than '''Superannuation''' and '''Work Cover '''expenses and effectively seperates your direct and indirect payroll expenses.  
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*Click '''W1, W2, W3, W4, T1''' to View all the accounts that will appear under the totals.  
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*'''W1''' is a combination of the '''Gross Wages''' expense accounts, ie all accounts that go into the Gross Wages as a total
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'''<u>Payroll Liabilities</u>''' - is the header account for the '''Liability''' accounts listed in payroll preferences
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*'''W2''' is the '''PAYG tax''' expense account.
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*Amounts will '''Refresh''' as you click on these buttons and the '''Select Accounts''' screen will load.  
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*If modification is required, use the '''CTRL Key''' and click on the item you wish to add or remove from this selection.
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*Select '''OK''' to save, or select '''Cancel''' if you want to exit without saving.
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Latest revision as of 11:22, 11 December 2014

Chart of Accounts

How should these be grouped and under which header account?

Payroll Expenses  is the header account for the expense accounts listed in payroll preferences. Within Payroll Expenses there is also a Gross Wages header account. This is the header for Payroll Expenses other than Superannuation and Work Cover expenses and effectively seperates your direct and indirect payroll expenses.

Payroll Liabilities - is the header account for the Liability accounts listed in payroll preferences

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