How do I record paying the ATO for my BAS in Kontuly?
In Kontuly's Banking screen, code the bank line for your BAS payment (or refund) to your GST account, with No GST. A payment to the ATO isn't GST on a sale or purchase, so it never appears on your next BAS; if it includes PAYG withheld or an instalment, split it.
- Export the GST Report as a PDF for the period, for your records.
- Find the ATO payment in Banking once it's imported.
- Click Split if the payment covers more than GST. Give each part its own line, all with No GST:
- the GST share to your GST account, such as GST Control Account, GST Payable (Collected) or GST Receivable (Input Credits), whichever your accountant prefers;
- the PAYG withheld share to PAYG Withholding Payable;
- an instalment to your income tax account.
- Code it to the GST account if the payment is GST only.
- Lock the period. Set the lock date to the last day of the BAS period, so nothing in it changes by accident. See How do I lock a period?
Will this affect W2?
No. Paying the ATO debits the withholding account; W2 only counts amounts credited to it, so the payment isn't counted.
A refund from the ATO
Code the money in to the same GST account. Refunds from the ATO aren't counted on the GST Report either.
Do I need to clear the GST accounts?
Not for the BAS: payments and clearing journals never reach the GST figures. If your accountant asks you to move balances between GST Payable and GST Receivable, use a manual journal; it won't change your BAS.
Which account to use for income tax and how to treat the GST balances is a question for your accountant or registered BAS agent.
Related questions
- 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 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 lock a period after lodging a BAS in Kontuly?Set the lock date in Kontuly's Settings so nothing dated on or before it can be posted, changed or voided, protecting a lodged BAS or a finished year.
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 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.