GST Return / BAS Worksheet / VAT Worksheet

See also

Preparing a non-payments based GST Return

GST Audit Trail

Cash-based GST Return with CashManager Plus

This report only appears on the Reports Menu if the GST/VAT feature is activated (not available in all versions).

You will be asked to nominate the period the report is to cover, and whether you want the Audit Trail to print as well.

New Zealand

 

Australia

 

United Kingdom

 

You will need to record any adjustments to appear at Item 9 (adjustments to output tax) or Item 13 (adjustments to input tax) on the return. Examples of such adjustments are GST on the private portion of expenses (adjustment to output tax) or GST paid to customs authorities on imports (adjustment to input tax).

A GST Return (GST101), in the same layout as the one provided by the Inland Revenue, will then be printed.

The BAS Worksheet prints the calculation sheet in a format similar to the worksheet form supplied by the Australian Tax Office. There is also a summary in the same form as the short form BAS. After you have checked the report and GST Audit Trail, you can simply copy the totals onto the form supplied by the ATO.

You can record any sales adjustments (G7) or purchases adjustments (G18) for inclusion in the calculation.

The vat Worksheet prints the calculation sheet in a format similar to the worksheet form supplied by HM Customs and Excise. After you have checked the report and Audit Trail, you can simply copy the totals onto the form supplied.

 

 

After running the report, you will be asked if you wish to finalise that GST/VAT period. Finalising the period means that the amounts of all transactions in that period cannot be altered, and no more transactions can be entered for that period. This is an important control in maintaining the accuracy of future GST / VAT Returns.

NZ users can use the link to the IRD website (under the Reporting menu) if they want to complete their GST Return on-line.