Record Your BAS Payment/Refund to ATO

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In the majority of cases, payment is made to the ATO each GST period, and that payment is made up of what is owed them less what is to be credited.

 

First, ensure there is a cardfile for the Australian Taxation Office in the Jim2 database. If not, add one to easily track all payments made to the ATO.

 

The actual amount of each payment needs to be recorded correctly, and reflect how it is apportioned against the general ledger liability accounts to accurately debit and credit those running balances – record the payment to reflect what was actually lodged on the BAS.

 

Info

Ensure that the GST liability figures from the previous system are entered as opening balances against the relevant GST liability accounts in Jim2. The payment (or refund) in Jim2 will clear these out.

 

hmtoggle_arrow1Record BAS payment

 

hmtoggle_arrow1Record BAS refund

 

Further information

Fuel Tax Credits

GST Reports

GST Session By Tax Tab

GST Session FAQ

GST Session PAYG Tab

GST Session Purchases Tab

GST Session Sales Tab

GST Session Worksheet Tab

IAS Monthly PAYG Lodgement

Initial GST Session

Change GST from Cash to Accrual

Complete a GST Session: Accrual Method

Complete a GST Session: Cash Method

Complete an NZ GST Session

Handle NZ GST in Australian Database

Record Deferred GST on Imports

Delete a GST Session