GST TURNOVER REPORTING FOR JOB KEEPER AND FINALLY FOR BAS REPORTING-CASH BASIS

13120291312029 Member Posts: 9

Hi

please guide me as which reports that I should run in Reckon Accounts Premier 2020, in order to submit GST Turnover for Job Keeper as well as for BAS reporting.

Comments

  • Kris_WilliamsKris_Williams Member Posts: 1,184 ✭✭✭

    I use a comparison profit and Loss report for jobkeeper, on cash basis, and Net totals (excluding GST). For Jobkeeper 2 the date range would be last quarter, and % is ticked

    The total income figures are the relevant ones.

    I use a tax payable summary report for BAS, using same criteria depending on BAS requirement - Cash

    That is the report but I have other procedures to prove that I am correct as well

  • BruceBruce Member Posts: 260 ✭✭

    Whilst Kris uses a cash basis for her reports you must cash or accruals depending on the basis on which you report for your BAS. This is a legislative requirement

  • Kris_WilliamsKris_Williams Member Posts: 1,184 ✭✭✭

    The question stated he is Cash basis

  • 13120291312029 Member Posts: 9

    Hi Kris & Bruce, thank you very much for the reply.

    Also please tell me, what is the path to obtain tax payable summary report for BAS reporting. (on cash basis).

    Is it under Reports-Tax-Tax Liability or any other report ?

    Regards

    Lilani

  • Kris_WilliamsKris_Williams Member Posts: 1,184 ✭✭✭

    I use the Tax Payable summary, same place as the other one you mentioned. You may have to edit the preferences to get the report on Cash basis, and select modify, advanced, and select Non Zero in columns and rows to only show relevant columns with figures. Once it is how I want it I memorise it

  • 13120291312029 Member Posts: 9

    Thank you Kris.

    kindly advice me on the impact on ticking the box for Taxable Payment Report under company preferences under Tax.


    Regards

    Lilani

  • Kris_WilliamsKris_Williams Member Posts: 1,184 ✭✭✭

    That is for sub contractors annual report - do you have any?

  • 13120291312029 Member Posts: 9

    No sub contractors. thank you Kris

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