Setup & Activate Full Budget Tax Instalments

Set up Agrimaster's tax instalment tracking if the ATO requires your business to pay tax in instalments (for example quarter BAS or monthly BAS). Skip this step if your business pays taxes once at the end of the tax year. 

  1. Check the GST setup
  2. Enter estimated usages in the Fuel Tax Rebate
  3. Add Suspense Codes (temporary accounts to hold imported data before assigned to an Income or Expense type)
  4. Optional, enter the Instalment Tax interval
    (for quarterly or monthly payments)


1.      Click the Home Page button

1.    Click on Setup & Tools

2.      Click on Cashbook Setup

3.     Click on Tax

4.    Click on Setup Instalment Tax 

5. The Instalment Tax window will now appear

6. In the Receipt Codes list, select the codes to be included as instalment income. Do this by clicking on each code to select (note: the click and drag function is not available) 

7. Select the Instalment Tax Return Period in months 

8. Select the Instalment Tax Payment Code in which the calculated tax will be placed, for both budgets and the cashbook, for payments to the ATO (e.g. PAYG Income Tax) 

9. Click in the Activate Instalment Tax in Budgets checkbox 

10. Click on Setup Budget Instalment Tax 

11.    In the Budget PAYG Installable Tax Setup window 


First Year of 4 year period


Choose the year of the first budget in the series

Year 1, Year 2, Year 3, Year 4, Year 5


Type the tax rate for each year 

For example, if GST is raised in 2018 by 1% type 11.00


The numbers are saved as soon as you click or tab into the next box 

12.     Click on the X to cancel once completed

Go to Instalment Tax Return Period and choose the months between tax instalments

For example, select 3 (months) for a quarterly tax instalment 

If needed, click on Income types added to the ATO’s instalment worksheet. Click again to deselect items that are not included in the Tax instalment calculations. 

Changes are saved automatically as you click on another item in the window 

10.   Click on the X to cancel. You will be returned to Agrimaster


Next Steps to Build a Budget 

The Budget settings are now activated. The next groups of activities are: 

1.    Create the Enterprise Worksheet Groups specific to your business (such as sheep, cropping)

2.    Optionally, use the Grain Income Calculator tool to work with grain loans and harvest income

3.    Add data to the Fixed Costs and Assets & Liabilities Worksheets

4.    Assemble a new Full Budget

5.    Run reports to review the value of the business. Uncover opportunities to make money and to save money. Compare the expected profit and expenses with actual financial activity.

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