John_Maher
3 years agoExperienced Cover User
Amount withheld at W4 on BAS
Hi all. I'm currently doing a cert iv course, and am stuck at a certain point. I am fairly sure that my explanation of my problem will be clear enough, so here goes:
My fictional supplier refuses to quote an ABN, so I have created a bill for his $195.00 invoice, with an "ABN" code, thus making the withholding payable $91.00 and my debt to him $104.00. I believe this is the correct procedure.
There is an amount in the Liabilities for the $91.00
BUT, when I "lodge" the BAS, the $91.00 does not appear at W4. And I HAVE ticked the "no ABN quoted" box.
Would someone mind explaining what I have done wrong here? Thank you.