Is your BAS due and you haven’t even STARTED?

tax nightmareDealing with the Tax Office can be painful and, as with any kind of pain, your first instinct is to delay that pain as much as possible…

But you can’t delay it any further – that BAS is due today and you haven’t even started to work out all the details you need to fill in all those boxes!

It’s OK – you can get it sorted in a matter of minutes, by using just 3 simple steps:

STEP 1: THE BIG GREEN BUTTON

Big Green ButtonSign In to your eLEDGER account an click on the big green button to enter your SALES – remember this is for the previous quarter, so we’re entering in money that you’ve received in the last three months – not including this month.

incomings

Go back to your Home Screen and use the same button as many times as you need to, in order to get them entered. If there are a lot of them, you can import your transactions from PayPal or your internet banking and get them in that way instead.

STEP 2: THE BIG RED BUTTON

Big Red ButtonNow use the big red button in your Home Screen to enter your PURCHASES – again, this is for the previous quarter so we’re entering in expenses that you’ve paid in the last three months – not including this month.

outgoings

If you imported your transactions in STEP 1, this is really just the same process but the records will go against your PURCHASES instead of SALES.

STEP 3: THE BIG BLUE BUTTON

Big Blue ButtonNow use the big blue button in your Home Screen to see a GST SUMMARY – again, this is for the previous quarter so remember to change it to the last quarter and not this one, which it automatically defaults to.

GST Summary

 That’s it! You’re done – now that you have all the information you need, go ahead and lodge that BAS statement…

 

Sterling Smith

Sterling has extensive experience in important sounding stuff and something about his opinions and blablabla are you seriously reading this right now?

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