By now most of you will have experienced the highs and the lows of using the Internet as a reference tool. It's great using a search engine that finds the information you are looking for in seconds, but equally infuriating to search through endless sites only to be confronted with garbage. While there is a wealth of information and resources available, there is just as much, if not more, useless or misleading information as well. Using a search engine may return results from thousands of different websites so it is quite easy to lose track of the sites that contain relevant material as you browse through the multitude of options.
Once you find a useful site the trick is to remember it for future use. All Internet browsers have the facility to bookmark favorite websites or web pages so that you can return easily in the future. For example, if you use Internet Explorer as your browser you can bookmark websites by following these instructions:
 |
Go to FAVORITES>ADD TO FAVORITES
| |
|
The NAME field will show the name that has automatically been assigned to this site. If you would like to change this name simply overtype the details in this field.
| |
|
Click OK
|
|
|
A link to this website will now be included in your Favorites menu
| |
You can also organise these into logical folders to separate personal interest sites from work related sites, or even create a separate folder for a particular research project. By building up a list of reference sites you'll make surfing the web a more accurate and enjoyable exercise.
Here are some great sites to get you started:
General Knowledge
www.howstuffworks.com
Search Engine
www.google.com
Directories & Maps
www.whereis.com.au
www.streetdirectory.com
www.mapquest.com
www.whitepages.com.au
www.yellowpages.com.au
Business
www.ato.gov.au
News
www.theage.com.au
www.smh.com.au
www.heraldsun.com.au
User Group Discussion Forums
groups.google.com
Other
www.trading-post.com.au
If you have any sites that you find particularly useful then send them to us as a link. We will pick the best and include them in future newsletters as a "Web Site of the Week" feature.
How do I process and lodge the BAS?
SAS2000 allocates the tax amounts to the appropriate Tax Code at the time the transactions are processed.
To create the BAS:
|
Go to GENERAL LEDGER>BUSINESS ACTIVITY STATEMENT
| |
|
Click on ADD to add a new BAS
| |
|
Enter the document identification number as supplied by the Australian Taxation Office (ATO)
|
|
|
The Australian Business Number will default from the information you have entered in MAINTENANCE>SETUP>SCHOOL
| |
|
Check the dates that are entered for the BAS. These will default based on the date range entered for the previous BAS.
| |
|
The figures will automatically be entered into the appropriate fields on the BAS based on the Tax Code entered for each transaction
| |
|
PRINT off the BAS
|
You now need to check the totals on the BAS to ensure that no transactions have been incorrectly coded. To do this:
|
Go to REPORTS>GENERAL LEDGER
| |
|
Print off the BUSINESS ACTIVITY STATEMENT DETAILS report, which lists every transaction that has made up the BAS figures. The report can be sorted either by Tax Type or by Tax Code.
| |
|
Print off the BUSINESS ACTIVITY STATEMENT EXCLUSION DETAILS report, which lists every transaction that occurred during the period for this BAS that has either been coded as XBAS or doesn't have a Tax Code allocated.
|
You also need to reconcile the BAS to the General Ledger codes used for recording the GST payable and the GST paid. This should be done before finalising the BAS and writing the cheque to the ATO. To reconcile your BAS to the General Ledger codes you can either:
|
Print off the REPORTS>GENERAL LEDGER>GL BY ACCOUNT ID report for these accounts as at the period end date for the BAS, or
| |
|
Go to GENERAL LEDGER>GENERAL LEDGER and check the closing balance figures on screen as at the period end date
| |
Having checked the figures for the BAS and confirmed that they are correct you must lodge the BAS and then print off the report and remit payment to the ATO.
Note: Once a BAS is lodged it cannot be unlodged so you need to be sure the figures are correct before lodging. Failure to lodge the BAS could adversely affect your next BAS.
"Even if you’re on the right track, you’ll get run over if you just sit there."
Arthur Godfrey
Regards,
Heather McKay
Human Edge Software
Phone: +61 3 9690 5004
Fax: +61 3 9690 2802
Email: sas2000@human-edge.com.au
Human Edge adheres to a policy of not sending unsolicited (SPAM) e-mail. You are receiving this e-mail because you are listed as a contact for a product or service that our organisation provides or have requested that this service be activated for you. If you are receiving this message in error or wish to have our records changed please advise us via return e-mail or call us on +61 3 9690 5044
|
