Taking Care of Your BAS
The BAS (Business Activity Statement) has space
for some 50 values. For about half of
these, the data has to be entered, while the others are calculated or
pre-filled. From June 2001, a new BAS approach
by the Government resulted in a multitude of different BAS layouts, depending on your
The data for a
typical business will come from a variety of sources, either computerised or
Lewis BASiNET helps
you organise this information, whether you do your GST quarterly or monthly, by
cash or by accrual.
The BAS requires
information from a variety of sources, such as cashbook, payables, receivables,
payroll, Fringe Benefits.
Lewis BASiNET lets
you collect these figures, which are derived from other accounting packages.
There are two ways of
entering data, and it is OK to do a combination of both methods.
- The data can be keyed in. You can enter comments explaining the
- The data can be imported
directly into BASiNET from:
Lewis CROSS-CHEQUE cashbook. For acquisitions
Lewis ACCOUNTS RECEIVABLE debtors. For supplies.
Lewis ACCOUNTS PAYABLE creditors. For acquisitions.
Lewis PAY-PACK payroll. For salary and wages.
A very simple ASCII file, that
could be generated from spreadsheets and other programs. We will be pleased to discuss with other
software developers how the format for the BASiNET import file.
Once the data is in
BASiNET, it can be reviewed, modified or deleted.
For any one BAS item,
BASiNET lets you distinguish multiple sources such as wages from a weekly
payroll and wages from a monthly payroll.
If you group several
related entities to a single ABN, BASiNET lets you collect the data from these
different enterprises, and identify each source.
BASiNET Version 2.0 will also prepare IAS (Instalment Activity Statements).
The two ways of
sending your BAS to the ATO are electronically and by paper.
BASiNET will print out the two
pages of the BAS for your records. This
will also be helpful if you are submitting a paper form.
BASiNET no longer produces a file to be sent electronically in the ATO format, because the ATO has
been continually varying the precise format.
Also for your
records, you can print the full details of the source of every piece of
information that you used.
BASiNET stores the sources of your information, and any working notes. As well as being invaluable for audit, this
will help you find out how you arrived at any particular value, on a previous
Lewis BASiNET is only
available in 32-bit Windows format. It
can read information prepared from other programs that can be 32-bit Windows,
16-bit Windows, or MS/DOS.
A Lewis BASiNET
license is issued to a business for the preparation of its BAS. You can purchase subsidiary licenses for
related entities with different ABN’s.
There are two
versions of BASiNET: for producing a BAS every month, or for producing a BAS