I was loving most things about Reckon One for our small business. But I'm becoming increasingly frustrated with the whole BAS payment/refund process. There has to be a simpler way... surely!
Each month I generally need to make a payment to the ATO, and this is made up of a combination of the following:
1A - GST owed to the ATO
1B - GST owed by the ATO
W2 - PAYG withheld
7D - fuel tax credit
Is there a simple way that I can process my BAS payment to the ATO each quarter - against the correct accounts they relate to - without doing a whole series of journal entries?
Some help/advice would be very much appreciated!!
Kind regards,
Anna
Each month I generally need to make a payment to the ATO, and this is made up of a combination of the following:
1A - GST owed to the ATO
1B - GST owed by the ATO
W2 - PAYG withheld
7D - fuel tax credit
Is there a simple way that I can process my BAS payment to the ATO each quarter - against the correct accounts they relate to - without doing a whole series of journal entries?
Some help/advice would be very much appreciated!!
Kind regards,
Anna
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100 Points
- frustrated
Posted 1 year ago
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828 Points
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100 Points
Unless I am doing something wrong - it doesn't appear to be that simple. I'm really hoping I am doing it wrong, so it can be that simple!
Acctd 4 (Shaz) (Reckon Accredited Bookkeeper/Regd BAS Agent), Accredited Partner
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8,338 Points
Hi Anna
R1 isn't my specific area of expertise but I believe Ted has confirmed below that - providing the total is a payable amount, not a refund - this can be done via "Make Payment" rather than GJ entries ...
Reckon has a range of "How to ..." videos, including for making BAS Payments:
https://www.youtube.com/watch?v=RkEMmI6Oo8w
Hope that helps :)
R1 isn't my specific area of expertise but I believe Ted has confirmed below that - providing the total is a payable amount, not a refund - this can be done via "Make Payment" rather than GJ entries ...
Reckon has a range of "How to ..." videos, including for making BAS Payments:
https://www.youtube.com/watch?v=RkEMmI6Oo8w
Hope that helps :)
(Edited)
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828 Points
