When you find that the Annual BAS net income amount is different from the Profit and Loss Statement, follow these steps:
Log in to HandiLedger, then Select your entity.
From the Financials menu, view and compare the Profit and Loss Statement report and the Annual BAS report.
For the Annual BAS report, tick the following:
Show tax summary report.
Show transactions for each item.
Show entities with tax not equal to rate.
Note any differences between the two reports.
Review the detail section of the Annual BAS, focusing on items that should not be included in the BAS or any other amounts that may be causing the discrepancy.