Issues with preparation of BAS

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.

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,315 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    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:


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Burnbaby
    Burnbaby Member Posts: 23

    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
    Kris_Williams Member Posts: 3,243 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

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

  • Burnbaby
    Burnbaby Member Posts: 23

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

  • Kris_Williams
    Kris_Williams Member Posts: 3,243 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    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
    Acctd4 Accredited Partner Posts: 3,315 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2023

    @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) ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)