- Description
- Curriculum
- Reviews
The All ATO Compliance: GST & the BAS Centre course is designed to provide business owners, accountants, and financial professionals with a comprehensive understanding of how to manage Goods and Services Tax (GST) and Business Activity Statements (BAS) in QuickBooks. This course will guide you through setting up GST, managing tax codes, and generating accurate BAS reports, ensuring full compliance with Australian Tax Office (ATO) requirements.
Course Overview:
GST compliance is a critical aspect of managing your business’s finances in Australia. In this course, you’ll learn how to set up GST in QuickBooks, configure tax codes for various transactions, and ensure your records are accurate and ATO-compliant. You’ll also dive into the BAS Centre in QuickBooks, which simplifies the process of preparing and lodging your BAS reports.
Setting Up GST in QuickBooks:
Learn how to configure GST settings within QuickBooks, including how to define tax rates for sales and purchases. We’ll guide you through setting up the appropriate tax codes and ensure your business complies with ATO requirements for GST reporting.
Managing GST on Sales and Purchases:
You’ll learn how to correctly apply GST to your invoices, bills, and expenses, and how to track input tax credits and output tax liabilities. This section will cover how to record GST on different types of transactions, from products to services, and ensure your records are always up to date.
BAS Centre & Reporting:
QuickBooks’ BAS Centre makes lodging your Business Activity Statement easier than ever. We’ll show you how to generate BAS reports, review GST calculations, and submit your BAS directly to the ATO from within QuickBooks, reducing manual effort and the risk of errors.
By the end of this course, you’ll be fully equipped to manage GST and BAS compliance in QuickBooks, ensuring accurate reporting and hassle-free lodgement with the ATO.
