BAS
How do I clear outstanding transactions from previous years
How do I Clear Outstanding Transactions from Previous Years Any transaction included in a previous BAS cannot be deleted. It must be cancelled To do this you will need to enter a reversing transaction Step 1: Find the Transaction In the Reconcile ...
Automatic Fuel Tax Credit Calculation
Fuel Tax Credits (FTC) provide businesses with a credit for the fuel tax (excise or customs duty) which is included in the price of fuel used in: machinery, plant, equipment, and heavy vehicles. FTC rates are now indexed twice a year - generally on 1 ...
Reverse Transactions with GST
PS Cashbook Reverse Transactions with GST Summary How do I reverse a transaction with GST and that has been submitted to the ATO via a previous BAS? Detailed Description Before proceeding please contact your accountant. Transactions with GST dated in ...
One or more serious errors in BAS
One or More Serious Errors in BAS Click Yes if you have already identified the issues and you still want to finalise the BAS. Otherwise, click No and proceed as follows: To locate errors, so they can be corrected: Click on the BAS toolbar icon (if ...
Update BAS total from Payroll or Cashbook
Update BAS Total from Payroll or Cashbook Step 1: Setup Click the BAS icon on the toolbar Click on the Setup tab Step 2: Update BAS Total Under the PAYG Withholding box, an option for where to Update BAS total from must be selected Updating BAS ...
Re-calculating the BAS after it has been finalised.
Re-calculating the BAS after it has been finalised A transactions needs to be changed in a finalised BAS, I have just finalised my BAS, but realise that I need to change a transaction and redo the BAS. If you have not lodged and paid your BAS amount ...
Fuel Tax Credit
Fuel Tax Credit Cashbook Platinum Fuel Tax Credits (FTC) provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in: machinery, plant, equipment and heavy vehicles. FTC rates are now ...
Setting up your BAS details
Setting up your BAS Details Step 1: Enter Details Click on the BAS icon in the toolbar. A screen similar to the following will appear Work through the Instructions provided on the Instructions tab Select the correct Bank Accounts and Enterprises to ...
BAS section 5A
BAS Section 5A If when printing the BAS, section 5A does not appear, follow the steps below: Step 1: BAS Click on the BAS toolbar option Step 2: PAYG Click on the PAYG tab. If there is anything, ‘0’ included, recorded against T2 or T3, section 5A ...
How is the W1 figure calculated in my BAS?
How is the W1 figure calculated in my BAS? Cashbook Platinum The W1 is the total gross wages/salary payments from which you are usually required to withhold amounts For more information click on the following ATO ...
Calculating Fuel Tax Credit manually
Calculating Fuel Tax Credit Manually Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in: machinery, plant, equipment, heavy vehicles and light vehicles travelling ...
Fuel Tax Credits and Private Usage
Fuel Tax Credits and Private Usage Fuel Tax Credits (FTC) provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in: machinery, plant, equipment, heavy vehicles and light vehicles ...
End of Year Processing, Unfinalised BAS
End of Year Processing, Unfinalised BAS If receiving a message "BAS has not been finalised" while trying to complete year-end processing follow one of the options below. Option 1 If GST is not used in the company at all e.g. superfund Step 1: BAS ...
GST Ledger Reconciliation
GST Ledger Reconciliation If the figures in the GST Ledger report don't match figures in other reports eg. Trial Balance, Net Worth, Profit and Loss, check that the accounting method (Cash or Accrual) is consistent across all reports. Also, the GST ...
Activate GST for a company
Activate GST for a Company Click on the BAS toolbar icon Click on the Setup tab In the General section of this window, tick the Activate GST in Cashbook checkbox Click Close to save Article ID 1414
Delete a BAS
Delete a BAS Do not delete a BAS that has already been lodged with the ATO (Australian Taxation Office) Click on GST Previous BAS Returns menu option Click on the last BAS completed. Note: Cashbook will only allow you to delete the last return Click ...