Working with Australia BAS Tax Return Settings (Admin)

Modified on Mon, 2 Jun at 12:15 PM

You can edit your BAS (or Business Activity Statement) tax return settings.

CAUTION: Actionstep provides the BAS report as a shortcut to calculating your BAS data. Actionstep can only calculate the data it has been given and your business is ultimately responsible for any data given to the ATO. Actionstep does not provide advice for tax matters and if you have any concerns or if you are unsure about how to file your BAS or the content of your BAS, it's recommended you speak to an accountant or other expert in Australian tax law. The content in this article is purely to explain how to set up the BAS return settings. Which options you select are your responsibility.

To do this:

In Actionstep, go to Admin > Accounting. The Accounting page appears.
Click Edit for the Tax Return Settings option. The Tax Return Settings page appears.
NOTE: If you do not see a tax return plug-in on this page, contact Actionstep Support.
Click the link for Au-Ato_BusinessActivityStatement. The Edit Division Plugin window appears.
TIP: When reviewing this options, consult your tax accountant if you have questions.
Click the Calculation Method drop-down list and choose the option you need. (See the Australian Taxation Office website for additional information.)
Click the GST Accounting Basis drop-down list and choose either Accrual/Invoice Basis or Cash/Payment Basis. (See the Australian Taxation Office website for additional information.)
Click the GST Payment/Refund Allocation drop-down list and choose how you want payments/refunds allocated.
Click the Journal Transaction Date drop-down list and choose the option you need.
Click Save to save your changes.