The BAS Funds/GST Allocation is where you configure your system to produce the details for the BAS/GST Return. You do so by associating each of your tax codes with a part of the form, as well as specifying the details of your accounting and reporting methods.
In Australia, the ATO reporting document is called the Business Activity Statement (BAS). In New Zealand, the IRD reporting document is the GST Return. You register your accounting and reporting methods with the taxation department. Changes should only be made to your BAS/GST Allocation options at the end of a reporting period (preferably at year end). If you want to alter the choices you have already registered, speak to your accountant and have the changes approved by the appropriate authority (such as the Australian Taxation Office or the New Zealand Inland Revenue Department).
To Setup or edit your BAS Funds/GST Allocation menu options
Choose Setups, Company Setups, Options, BAS/GST Allocation.
From the BAS/GST Allocation tab;
Choose your Accounting method.
Choose your Reporting method.
Choose your Lodgement method.
Choose the appropriate Tax Code for both the Sales to Customers and Purchases from Suppliers columns.
Click Accept (F9) to save changes.
Detailed descriptions of fields and values within BAS/GST Allocation Menu
BAS/GST Allocation tab
Field or Group Name | Description |
Accounting Method | Choose the accounting method you use. |
Australia | A = Accrual |
New Zealand | I = Invoice |
Attaché Software recommends that you:
use accrual accounting (also known as the invoice basis), and
in Customer Maintenance, set all customers to have an Account Type of Open Item
However, if you choose to set any customers to Balance Forward, you must use accrual accounting to obtain correct results on your BAS/GST Return.
Reporting Method | Choose the frequency with which you will submit a BAS/GST Return. |
Australia | M = Monthly |
New Zealand | M = Monthly |
Lodgement Method | E = Electronic Choose the method you want to use to submit each BAS/GST Return. |
Path for ATO ECI Software | If you choose to lodge your BAS/GST Return electronically, you need to type or choose the location of the ATO ECI software. |
Tax Code | Each tax code setup in Setups, Company Setups, Options, Tax Options. |
Sales To Customers | For each of your Tax Codes, choose the BAS/GST Return category to which you want to allocate sales. |
Purchases from Suppliers | For each of your Tax Codes, choose the BAS/GST Return category to which you want to allocate purchases. |
The Lock Periods tab
On the Lock Period tab of BAS/GST Return Funds Allocation, you can lock one or more periods so that no-one can update them in the BAS/GST Return Update programs.
Field or Group Name | Description |
Period to Lock/Unlock | You can lock one or more periods so that no-one can update them in the BAS/GST Return Update program. Operators can update any period that you do not lock. Tip: If you change the reporting method (frequency) with which you submit your BAS/GST Return, remember to lock any periods that you do not want operators to update. To lock or unlock a period, choose the period and then choose LockOne (F6) or UnlockOne (F7). Tip: To lock all but one period, choose LockAll (F11), choose a period to unlock, and then choose UnlockOne (F7). |