PAYG On the Bas statement and Superannuation tracking.

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Peter Nanfra
Peter Nanfra Member Posts: 1 ✭
edited June 2018 in Accounts Hosted
How do I report PAYG on the bass statement -In my Payroll system, all payroll liabilities are posted to the payroll liabilities account; this includes PAYG and superannuation payments.  How can I set up the BAS statement to correctly report only wages totals and payg tax remittable. I have only succeeded in reporting from the payroll liability account and both pay and super total together. Is superannuation also recorded separately in another account?

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  • Kay Laws Accredited
    Kay Laws Accredited Member Posts: 72 ✭
    edited March 2017
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    Hi Peter,

    It is easier to separate your payroll liabilities, having multiple liability accounts.
    Payroll Liabilities as Header Account
    PAYG & Super as sub accounts linking PAYG to PAYG liability account & linking Super to Super liability account then you can pull through just PAYG figures to you BAS form.

    Hope this helps
    Kind Regards
    Kay
    Accredited Partner & BAS Agent
    kay@kmlbookkeeping.com.au
     
  • Bill Hooker
    Bill Hooker Member Posts: 7 ✭
    edited May 2016
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    Kay is correct on this. Need to link to different liability accounts.
    Regards
    Bill
    CPA, NTAA

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