Join Elizabeth Haverfield for an in-depth discussion in this video Overview of the Business Activity Statement, part of MYOB AccountRight: Reporting Necessities.
Most businesses in Australia are require to report the goods and…services tax, the GST to the Austrailian taxation office, the ATO.…And will do so on a quarterly basis.…This data is reported on a business activity statement or BAS.…GST quarterly periods are from July to September, October to December.…January to March, April to June,…there are 28 days after this reporting period to…submit your figures and make your payments as necessary.…
If a refund is due from the ATO, they…will also attempt to process it within the 28 days.…There are several methods of calculating and completing a BAS.…We're going to use the ATO Calculation…Worksheet and the MYOB AccountRight detailed GST reports.…Carol's Cleaning reports GST on an accruals basis quarterly.…We will retrieve the required data from MYOB AccountRight, and…then transfer it onto the ATO GST account calculation worksheet.…
Before writing the final figures onto a manual BAS.…Before starting the process of calculating…and completing the business activity statement.…
- Installing MYOB
- Opening an existing data file
- Setting up tax codes
- Setting reporting preferences
- Saving filters and settings
- Editing and deleting customized saved reports
- Reviewing commonly used reports
- Completing a Business Activity Statement (BAS)
Skill Level Appropriate for all
1. Getting Started with MYOB
2. Report Features
3. Commonly Used Reports
4. Completing a Business Activity Statement
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