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How to Process Your End of Month Tasks and BAS Reports

The purpose of this guide is to explain what processes should be done Monthly or before you need to do your BAS reports. It also explains the reports and how to cross check your figures.

 

 

1. Make sure Accounts Payable, Receivable and other book keeping tasks are up to date i.e;

 

2. Additional Recommended Procedures

 

3. Reports

These are the reports generally needed by your accountant/book keeper at the end of financial year. Please check with them for further information or reports they may need.

 Reports Console – Stock -

  •  Stock Value – this report must be run on the date and time it is needed. i.e Run it at the end of trade on the 30th June

 Reports Console - General Ledger -

  • GL Balance Sheet  
  • GST BAS Amounts
  • Profit & Loss
  • Payroll Transactions By Employee - Summary (if you have the Payroll program) 

For a guide on how to Cross Check the totals on the above reports - see this guide http://service.autosoft.com.au/entries/22674980-How-to-Cross-Check-Totals-on-BAS-and-Other-Reports

 

4. Entering your Processed ATO BAS Payment as a Journal

This is an example of a journal you may post to record your processed BAS Payment.

ATO_BAS_Journal.png

 

 

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