How do I reverse a transaction with GST and that has been submitted to the ATO via a previous BAS?

Before proceeding please contact your accountant.

Transactions with GST dated in a previously submitted BAS period can't be deleted as the GST has been included in your BAS.
This includes all brought forward transaction (see Setup > Opening Balances > Bank Accounts), and any transaction dated in a completed BAS period.

Step 1

• Locate the original transaction in Cashbook and click on the Edit button to view the details
• If the transaction is a brought forward transaction, you will need to change the accounting year (File > Change Accounting Year) where the transaction was originally entered
• You may wish to make a note of the details (account code, amount, gst, enterprise and quantity) used in each dissection for Step 3

Step 2

• Click the Add button at the bottom of the screen to make a reversing transaction.

Step 3

• The transaction type of the reversing entry must be the same as the original entry. I.e. if the brought forward/duplicate entry was a payment, the reversing entry must also be a payment.
• Likewise, if the original was a receipt, the reversing entry must also be a receipt.
• The reversing transaction needs to be entered with the same dissections details (same account code, amount, GST, enterprise and quantity) but all amounts as negatives of the original entry.

Step 4

• When reconciling, tick both of the transactions.
• This will remove them from your reconcile screen while not changing your bank balance as they cancel each other out.