How do I prepare my BAS figures in Kontuly?
Open the GST Report in Kontuly, set Period, From and To to your BAS period, check the Basis, and read the figures from the Summary: G1, 1A, 1B and the GST payable or refund. Kontuly prepares the figures; you or your BAS agent enter them with the ATO.
- Reconcile your bank accounts first. Every bank line up to the end of the period should be coded, matched or ignored, and each account reconciled to its statement.
- Approve drafts. Draft invoices and bills aren't counted.
- Open the GST Report from the sidebar under Reports, or from All reports under Tax.
- Choose the period. Q1 FY to Q4 FY cover the quarters of the current financial year. For a monthly BAS, type the first and last day in From and To.
- Check the Basis. It starts on your setting in Settings under GST & returns. See Cash or accruals.
- Read the Summary. Copy the figures into your BAS.
- Click Export PDF and keep it with your records for the period.
What's on the Summary?
| Label | What it is |
|---|---|
| G1 | Total sales (including any GST), including GST-free and input-taxed sales |
| 1A | GST on sales: the GST you collected |
| 1B | GST on purchases: the GST you paid and can claim |
| GST payable or GST refund due: 1A less 1B |
If you've set up PAYG, the report also shows W1, W2, 4, your instalment (T7, or T1, T2 and T11), 5A, 8A, 8B and 9. See PAYG withholding W1 and W2 and PAYG instalments.
How do I check the figures?
- By tax rate totals your sales and purchases for each rate, such as GST 10%, GST Free and Input Taxed. Check GST-free sales really were GST-free.
- Set View to Detail to list every transaction behind the figures.
- The check GST by rate agrees to 1A and 1B should show a tick.
A figure looks wrong? Find the transaction in the Detail view and correct it at its source. See Why doesn't my GST Report match what I expected?
Which BAS labels aren't prepared?
G2, G3, G10, G11, fuel tax credits and FBT instalments. Complete them yourself or with your tax agent.
Does Kontuly lodge the BAS?
No. Kontuly never sends anything to the ATO. You, your registered BAS agent or your tax agent lodge through the ATO's online services. More on what Kontuly prepares: BAS and tax in Kontuly.
After you lodge
Record the ATO payment and consider locking the period.
Related questions
- 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.
- Why doesn't my GST Report match what I expected in Kontuly?Kontuly GST Report figures off? Check the basis, the period, drafts and unassigned bank lines, tax codes, what's deliberately left out and GST registration.
- 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.
More about gst, bas and tax
- 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 add PAYG instalments to my BAS in Kontuly?Set PAYG income tax instalments in Kontuly's BAS PAYG settings as your ATO notice amount (T7) or rate (T2), and the GST Report adds 5A, 8A and 9.
- 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.
- 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.