Business Activity (Base System)
July 2000 was a turning point for the Australian economy, the introduction of the GST meant large changes and adaptations for Australian business, the Business Activity Statement (BAS) being a major hurdle for many businesses.
However, NATSOFT is one of the few accounting software packages to offer a BAS module that is completely integrated. This means that as you are posting individual transactions, whether it be receipts, payments, invoices, purchases or wages, your BAS is accumulating the GST information. So at the end of the month or quarter all you need to do is print the BAS report - NATSOFT certainly makes your BAS easy!
Features Include
- Screen inquiry of month by month summary.
- Multiple company/branch capabilities.
- Wine Equalisation Tax (WET) & Luxury Car Tax (LCT) available.
- Rounding option of Up or Near, also rounding to dollar available on BAS report.
- Monthly or Quarter reporting.
- Calculates for cash or accrual method.
- Set income tax and/or FBT installment defaults.
- Complete range of tax codes accounting for all transactions including:
- REVENUE - exempt, export, input taxed, related company, GST, WET, LCT, adjustment, whole sale tax credits.
- EXPENSES - Capital / Other purchase, exempt/input taxed, input taxed, private, related, GST, adjustment.
- Manual BAS posting for sales/purchase adjustments, WET, LCT, whole sale tax credits, withholdings, FBT/income tax installment, imports deferred.
Comprehensive Reporting
- Business Activity Statement
- BAS Sales GST Transaction Listing
- BAS WET & LCT Transaction Listing
- BAS Sales Tax Transaction Listing
- BAS Purchase Type Transaction Listing
- BAS Purchase GST Transaction Listing
- BAS Withholding Transaction Listing
- BAS Deferred Sales Listing
- BAS Imports Deferred Listing
- BAS All Transaction Listing
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