Processing GST payments and refunds from the Australian Tax Office (ATO) in Agrimaster is automatically performed as part of the Closing Of The Business Activity Statement (BAS) Period in Agrimaster.
This article is for users who have just started using Agrimaster, and need to record a previous BAS payment or refund manually. You can also use this process if you selected No to create the transaction when closing your BAS.
When processing the GST payments or refunds, you may need the following Codes:
Code |
Allocation |
Amount |
Used When |
GST Refunded |
Not required |
Credit |
ATO owes you for GST. |
GST Remitted |
Not required |
Debit |
You owe the ATO for GST. |
Wages Tax Deducted |
Wages tax remitted |
Debit |
You are paying the ATO the tax withheld from your employees’ wages. |
Fuel Tax rebate |
Not required |
Credit |
The ATO owes you a refund for fuel purchased. |
Entering A GST Refund From The ATO
For Example
The ATO owes you $5000 for GST, you need to pay wages tax of $2000 and the ATO owes you a fuel tax rebate of $1000.
Here is an example of how the transaction would look in Agrimaster.
To enter a GST refund, the process is the same as any other transaction. For more information, see Enter Payments.
Entering A GST Payment To The ATO
For Example
You owe The ATO $5000 for GST, you need to pay wages tax of $2000 and the ATO owes you a fuel tax rebate of $1000.
Here is an example of how the transaction would look in Agrimaster.
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