• Preparing for Simpler BAS

    You don’t need to do anything to access Simpler BAS reporting. If you lodge online and are eligible for Simpler BAS we will automatically send you a BAS requiring less GST information.

    If you are a paper lodger and are eligible for Simpler BAS, you only need to complete G1 Total sales, 1A GST on sales and 1B GST on purchases. Small businesses with a GST turnover of less than $10 million are eligible for Simpler BAS.

    Accounting software

    To access the full GST bookkeeping benefits of Simpler BAS, your accounting software needs to support Simpler BAS. We have partnered with the relevant software providers to make it easier to classify sales and purchases for GST.

    Your software provider may contact you to advise what Simpler BAS settings are available. Alternatively, you can check if your provider has registered their Simpler BAS software using the Australian Business Software Industry Association (ABSIA) Product Catalogue.External Link

    Your accounting software provider will provide you with instructions on how to set up bookkeeping for Simpler BAS. If you rely on a tax professional for BAS assistance, you may wish to discuss Simpler BAS with them.

    Manual bookkeeping

    If you use a manual bookkeeping system, you may consider switching to accounting software to access the full benefits of Simpler BAS. If you choose to keep your current system you can still take advantage of the Simpler BAS reporting benefits as you only need to complete G1 Total sales, 1A GST on sales and 1B GST on purchases on your BAS.

    Last modified: 30 Jun 2017QC 52115