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  • Simpler BAS benefits

    Simpler BAS reduces the complexity of GST bookkeeping and reporting, and in doing so reduces compliance costs. It makes the GST account set-up, ongoing bookkeeping, BAS preparation and lodgment more simple.

    Simpler BAS makes it easier for businesses to do their bookkeeping for transactions that have both GST taxable and non-taxable items.

    For users of accounting software, it is easier to classify and code GST transactions and prepare and lodge your BAS.

    For example, a café owner who has a supermarket receipt with over 100 mixed supply items now only needs to enter the total amount of the invoice and GST paid. This means they spend less time capturing mixed invoices that have GST and GST-free items on their accounting software.

    With Simpler BAS, less information is required, meaning the data provided is more accurate with fewer adjustments.

    Watch what small businesses say about Simpler BAS:

     
    Last modified: 17 Jan 2018QC 52113