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  • Accounting for GST in your business

    As a GST-registered business, you need to issue tax invoices to your customers, collect GST and send it to us with your business activity statement (BAS). There are a few ways you can make this easier to manage:

    • use business accounting software to produce tax invoices and automatically generate reports of your GST liabilities and credits at BAS time
    • put the GST you collect in a separate bank account
    • take advantage of the 'cash accounting' option to better align your GST liabilities with your business cash flow.

    Follow the links below for more information about:

    Choosing an accounting method

    Keeping accurate GST records

    Paying GST and your cash flow

    Last modified: 16 Jun 2015QC 22437