Preparing your client’s BAS is made easy with HandiLedger. If the client’s transactions have been entered to the appropriate account codes and have correctly been marked as cash or non-cash transactions, you can quickly and easily prepare a BAS Worksheet. You can then transfer BAS information from HandiLedger into HandiTax.
TIP: When you prepare a cash BAS, only transactions that are marked as cash transactions will be included in the BAS. Any transaction input from the Cash Receipts, Cash Payments and Bank Statements menu options are automatically recorded as cash transactions. Transactions input from the Journal Entries and Recurring Entries menu options must have the Cash transaction check box selected.
To create a BAS worksheet
Go to Reports, Business Activity Statement.
To create a new BAS, click New BAS for a period then complete your required information.
Click Ok.
HandiLedger will display the BAS report. Click Print to print the report.
Click Close to exit from the preview.
To transfer the information to HandiTax, click Yes to Transfer BAS report to HandiTax for electronic lodgment?, otherwise click No.
Start date: Enter the start date for transactions to be included in the BAS.
NOTE: The BAS report will also pick up transactions with dates before the Start Date if those transactions were entered after a previous BAS report was run.
All transactions not previously included on a BAS report up to the date: Enter the last transaction date to be included in the BAS.
Cash method: To produce a BAS using the cash method, select this setting.
Accrual method: To produce a BAS using the accrual method, select this setting.
Show tax summary report: Select this check box to create a report that displays the total amounts recorded against the various tax codes (e.g. GOA and GST).
Show transactions for each item: Select this check box to create a list of transactions that are included in each of the items in the BAS report.
Show entries with tax not equal to rate: Select this check box to create a list of all transactions where the tax rate in the transaction doesn’t agree with the standard rate for that item of tax.
Show account name: Select this check box to include the account name with the transactions. This adds an extra column to the report.
TIP: To read the transferred BAS information into HandiTax, select the client’s BAS form in HandiTax and the following message will display, Ledger BAS details found for this client, do you wish to create/merge a BAS form? Click Yes to import.
NOTE: The W2 section of the report displays only a brought forward balance and transactions dated in the current BAS period.
Reproduce a previous BAS
Go to Reports, Business Activity Statement.
Select the Reproduce a previous BAS tab.
Complete the required information, click Ok.
End date of the previous BAS reports: Enter the date of the last transaction that was included in the previous BAS. Alternatively, click the Check Dates button to automatically insert the date.
Check Dates button: Click this button to have HandiLedger automatically insert the Start and End dates of the previously created BAS reports.
Transfer to HandiTax for lodgment: Select this check box to transfer the BAS report’s transactions to HandiTax for preparation and lodgment of the BAS.
Undo a previously committed BAS: Select this check box to mark the transactions in this BAS report available for insertion into a new BAS report.
For further assistance on Account codes that will be prefilled into the PAYG section of the BAS refer to this knowledge base article.