How do I add PAYG instalments to my BAS in Kontuly?
In Kontuly, open Settings, find BAS: PAYG and choose how you pay PAYG income tax instalments: an amount from your ATO notice (option 1, T7) or a rate (option 2, T2). The GST Report then adds your instalment at 5A and the totals at 8A, 8B and 9.
- Open Settings and find BAS: PAYG.
- Choose under PAYG income tax instalments:
- An amount (option 1: T7 on my ATO notice), then type the Amount each period.
- A rate (option 2: T2 on my ATO notice), then type the Rate (%).
- Click Save PAYG settings.
How is the instalment worked out?
- Option 1 (amount): T7 is your notice amount. It's a quarter's instalment, so T7 shows only on a BAS that ends a quarter: the whole quarter, or, if your BAS frequency is monthly, the last month of the quarter (September, December, March or June).
- Option 2 (rate): T1 is your instalment income: sales and other income excluding GST for the period, on your GST basis (G1 less 1A). T2 is your rate, and T11 is T1 × T2.
The instalment goes to 5A, PAYG income tax instalment.
What are 8A, 8B and 9?
- 8A: what you owe the ATO (1A + 4 + 5A).
- 8B: what the ATO owes you (1B).
- 9: the payment to the ATO, or the refund from it.
I varied my instalment
If you vary your instalment, or the notice gives a different amount, enter what you'll actually pay on the BAS form. Kontuly prepares the figures only; you or your agent lodge. Whether to vary is a question for your accountant or registered tax agent.
Recording the payment
When you pay, code the instalment share of the ATO payment to your income tax account. See How do I record paying the ATO for my BAS?
Related questions
- How does Kontuly work out PAYG withholding W1 and W2?Kontuly has no payroll, but reads BAS labels W1 and W2 from your wages and PAYG withholding accounts. How to set them up and record each pay run.
- How do I prepare my BAS figures in Kontuly?Kontuly's GST Report prepares the G1, 1A and 1B labels of your BAS, plus PAYG labels if you set them up. Here's how to run it for your BAS period.
- How do I record paying the ATO for my BAS in Kontuly?Code the ATO payment or refund bank line to your GST account in Kontuly, splitting out PAYG withheld and instalments. It won't appear on your next BAS.
More about gst, bas and tax
- Cash or accruals: when does Kontuly report GST?On the accruals basis Kontuly counts GST on the invoice or bill date; on the cash basis, when the money is paid. How to choose and what changes.
- How does Kontuly work out GST on a bank transaction?Kontuly treats bank amounts as including GST and splits the tax out at the account's rate, or a rate you choose, when you code the line.
- How do I prepare a TPAR (taxable payments report) in Kontuly?Flag contractors on their contact and Kontuly's Taxable Payments Annual Report totals what you paid each one, with GST, for your TPAR. You lodge it.
- What GST codes does Kontuly use, and can I add my own?Kontuly starts with GST 10%, GST Free, Input Taxed and No GST. What each means on your BAS, how account defaults work, and how to add a rate.
- When is my BAS due, and what does Kontuly's GST card show?Kontuly's Dashboard GST card shows the GST payable or refund for the period and the BAS due date, from your BAS frequency in Settings.