Preparing GST and BAS

Before you start

Reconcile your bank accounts for the period and clear any uncategorised transactions. BAS figures are prepared from your reconciled books, so the more complete they are, the less you will need to adjust.

Preparing the BAS

Open the BAS for the period. Each label shows its amount and links back to the transactions behind it, so you can check the GST treatment of anything that looks out of place.

1. Confirm the reporting period and your GST basis (cash or accrual).
2. Review each label and open any amount you want to check.
3. Correct the GST treatment on any transaction that needs it.
4. Approve the BAS when you are happy with it.

Lodging

Lodge the approved figures with the ATO through ATO Online services, or ask your registered tax or BAS agent to lodge for you. Check your due date on ATO Online services or with your agent.