Issues with preparation of BAS

Burnbaby

I have been using Reckon for years now but suddenly on my bas only $4,800 of the $14,658 PAYG is showing. My total sales is showing $68,285 but it should read $115,431 when I run reports. What the heck is happening? I haven't changed anything and have spent hours trying to read through previous messages from others having the same issue.

HELP....... my head hurts :( Please explain answers in plain English.

Acctd4

Hi @Burnbaby

First, check you have the correct reporting period selection on EACH of the configuration tabs (in this case, particularly the PAYG Withholding one):

If you have opened a previous BAS Export File, you may need to "refresh" the labels. If you have created it from scratch, you may need to select the applicable label codes/accounts.

To do this, click on each relevant label & check/select the applicable codes/accounts (in this case, particularly G1:

& W2:

Burnbaby

Thankyou for your comment above however I have done all of that and it is still not correct? I don't know how to fix this and its stressing me out big time.

Kris_Williams

Is the BAS set correctly to Accrual or Cash when comparing to the reports set to the same criteria

Burnbaby

Yes it is, everything is exactly the same as I normally do?

Kris_Williams

Since the ability to lodge the BAS from that report was taken away I don’t use it any more, I use my payroll report and tax summary report

Acctd4

@Burnbaby Unlike the GST labels that rely on tax codes, the “W …” labels link directly to the actual accounts. As a result, this can sometimes cause a discrepancy in the amount displayed at W2 (due to this account also DEcreasing when you make/enter a PAYG payment) so when this happens, just manually edit the amount as per your Payroll Summary PAYG figure.

This doesn’t explain having the G1 discrepancy though. Check your tax codes on the Tax Detail & Tax Code Exception reports - I suspect this is due to a missing/incorrect tax code(s) ☺️