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BAS Statement – Agrimaster GST Categories and G numbers

The Agrimaster GST (Goods and Services Tax) categories are used in conjunction with your receipts and payment codes to accumulate the totals for each GST category.  The GST Full report will show you all the individual transactions grouped in the GST Categories and the BAS (Business Activity Statement) summary will display the totals in the GST labels (G number categories).

You can find these reports in the Tax Reports section (Home page > Cash Book Reports) and from these reports, you can transfer the figures to your BAS statement in readiness for submission to the ATO (Australian Taxation Office) or your accountant.

Each code in your file must have a GST category, which is drawn from the GST Rates and Categories screen and is allocated to each code.  To get the GST Rates and Categories screen, at the Home page > Setup & Tools > Cashbook Setup >Tax > Setup GST  

Example code and its GST category is shown in the diagram below in the Setup Transaction and Budget Codes window. To navigate to the Setup Transaction and Budget Codes screen, at the Home page > Setup & Tools > Cashbook Setup > Codes

Here are the GST categories that are listed in the setup of your Agrimaster file. The list of Agrimaster GST Categories is classified in the respective G numbers (GST labels) ready for you to transfer to the ATO (Australian Taxation Office) BAS statement.

GST Labels

Source

G1 = “Standard” + “Exported” + “InputTaxed” + “GST Free” + “Financial”

GST Rates and Categories – Setup GST

G2 = “Exported”

GST Rates and Categories – Setup GST

G3 = “GST Free”

GST Rates and Categories – Setup GST

G4 = “InputTaxed” + “Financial”

GST Rates and Categories – Setup GST

G5 = G2 + G3 + G4

Calculation

G6 = G1 – G5

Calculation

G7 = Total increasing adjustments (Net of decreasing adjustments)

Tax Reports – GST Adjustment (Non-cash)

G8 = G6 + G7

Calculation

G9 = G8 / 11

Calculation

G10 = “Capital” items over $300

Cashbook Transaction code with Capital GST category

G11 = “Standard” + “InputTaxed” + “GST Free” + “Financial” + “

 

No ABN” + "SuppNotReg" + “Capital” items $300 and under

GST Rates and Categories – Setup GST

 

 

Cashbook Transaction format and Cashbook Transaction

G12 = G10 + G11

Calculation

G13 = “InputTaxed”

GST Rates and Categories – GST Setup

G14 = “GST Free” + “Financial” +

“No ABN” + "SuppNotReg"

GST Rates and Categories – GST Setup

Cashbook Transaction format

G15 = Private use of business acquisitions

GST Proportional Codes – Homepage->Setup & Tools->Cashbook Setup->Tax->Setup GST-> Next (4 times)

G16 = G13 + G14 + G15

Calculation

G17 = G12 – G16

Calculation

G18 = Total decreasing adjustments (Net of increasing adjustments)

Tax Reports – GST Adjustment (Non-cash)

G19 = G17 + G18

Calculation

G20 = G19 / 11

Calculation

 

The GST categories “No Claim”, “Wages”, “Loans, Tax” and “Pre-GST” are not included in the BAS.

GST Rates and Categories – Setup GST Section – “No Claim”, “Wages”, “Loans, Tax”

Transaction format - “Pre-GST” 

The GST categories “Pre-GST”, "SuppNotReg" and “No ABN” are used by Agrimaster where appropriate and cannot be allocated to a transaction code.

Cashbook Transaction format


Below is a sample BAS code and cost list, showing the respective G numbers.

 

 

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