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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