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BevM's avatar
BevM
Contributing Cover User
8 years ago
Solved

Accrual BAS without Bas Link

Hellooo all,

 

Last year, Ron provided a helpful print screen showing the GST Summary CASH report to manually report in the Activity statement - see attached.

 

Does anyone have something similar for the GST Summary ACCRUAL report for the BAS accounting method e.g. just G1, G2, G3, G10 and G11?  

 

Or ... alternatively, any help on the following as I've become confused - eep!

 

I have reported amounts in both Sale Value and Purchase Value of GST Free (FRE).  I have a reported amount in Purchase Value GST Not Registered (GNR).

 

Which amounts are entered into G3 Other GST free sales?

 

Thank you in advance for any help offered.  I'm melting down!

 

Cheers, Bev

  • ronatbas's avatar
    ronatbas
    8 years ago

    BevM

     

    The only difference is the Report you pull down from MYOB. For Accrual use the Accrual Summary.

    For most businesses which are not involved in food,education or medicine then the FRE component on the income side (G3) is Bank Interest

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  • ronatbas's avatar
    ronatbas
    Ultimate Partner
    8 years ago

    BevM

     

    The only difference is the Report you pull down from MYOB. For Accrual use the Accrual Summary.

    For most businesses which are not involved in food,education or medicine then the FRE component on the income side (G3) is Bank Interest