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BAS Summary

 

 

 

 

Definition

 

The business activity statement (BAS) is a form submitted to the Australian Taxation Office by all businesses to report their taxation obligations. If you choose a conversion date that's part way through your current GST period you won’t be able to run an accurate GST Return for that period in Q6. This is because Q6 won’t have all the relevant transactions to calculate the GST from.

 

Fields explained in BAS Summary Report

 

1.Created: This is the date when the report is generated.

2.Date Range: This has been default as company set up date for Date From and today’s date as Date To. User may amend it before generating the report

3.BAS Summary (Accrual Basis or Cash Basis) is depending on the financial settings.

4.Company name and logo will be displayed at right corner, followed with physical company address.

5.ABN: This is the information saved in Company information.

6.Email: This is the information saved in Company information.

 

 

 

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