Enter a BAS payment from quarter before starting date

Dave Dennis

I am new to Reckon One and have put my accounts starting date as July 1 2016 (for the new financial year). I have to enter a payment of the BAS from the previous quarter but it is not an option in the Tax BAS payment section.
I have no idea about this stuff. I am a sole trader in graphic design, not an accountant...

David

Kim Chapman - COS Business Solutions

Hi Dennis

Unfortunately you should have put you put your start date as before 1/7/2016, perhaps 30/06/2016.  Your only real option now is either start again, or enter the balances as 1/7/2016 and make a note for your Accountant so they are aware of what has happened and can account for it.

Hope this helps.

Kind Regards

Kim chapman

www.chapmanofficeservices.com

athina

I also had the Migration Team start our accounts from the 1 July 2016. Is this going to be a problem for me?

cheers
athina

Dave Dennis

I'm talking to my accountant this afternoon to figure out the right approach.
David

athina

Thanks for letting me know David. I you could please post an update. Looks like we started Reckon One at the same time and both doing Graphic Design. Good Luck!

Dave Dennis

My account instructed me to write the BAS payment to my "Owner drawings" account with a note what it is for. As I do my accounts on a cash basis but the ATO issues these things in arrears it works more like accrual basis, but when they do the Tax Assessment it all works out (apparently).