BAS report for Australia
Liz
edodd at billiau.net
Fri Jul 5 07:16:49 EDT 2013
On Fri, 05 Jul 2013 21:01:48 +1000
Andrew Greig <pushin.linux at gmail.com> wrote:
> Hi,
>
> In Australia we need to complete a Business activity statement on a
> regular basis. I have set up two Liability accounts under a parent
> -GST payable to ATO (Australian Tax Office). The two accounts are
> "GST Collected" and "GST Paid". GST is collected by me on each
> invoice, and is paid on each expense.The difference between the two
> accounts is the sum I need to pay the ATO. When I am profitable I pay
> them and if I turn a loss they pay me. So - assuming a profit I make
> a payment to the ATO as a withdrawal from my Checking Account and
> balance it with a credit to my Tax Paid account, so then the Parent
> account should then read "$0.00"
>
> To assess my debt or otherwise to the ATO I run a transaction account
> using the two liability accounts described. It is a very basic report,
> but I would like to save it as a Custom report (changing the period as
> needed). I thought there was an item in the Help docs about saving a
> report as a custom report, but I have been unable to find it. Where
> should I look, or how can I do this, please?
>
> Andrew Greig
> Melbourne, Australia
>
G'day Andrew
change its name and then you can save it
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