Within Australia, if you’re registered for GST you are required to submit a Business Activity Statement (BAS) to the Australian Taxation Office (ATO), either on a monthly, quarterly or annual basis — the Business Activity Statement (BAS) report will get you the information you need.
Your Business Activity Statement (BAS) can be found in Reports > Report list > Business Activity Statement (BAS).
By default this report shows the current quarter of the current financial year. Tap on Export to have the BAS report emailed to you.
The following fields are captured in this report:
- G1 Total sales
- 1A GST on sales
- 1B GST on purchases
What do the different fields mean?
- G1 Total sales — This is the sum of all payments made against invoices for the time period specified.
- 1A GST on sales — This is the sum of taxes against invoices for the time period specified.
- 1B GST on purchases — If you’ve recorded expenses within the Expenses (Receipts2go, in prior versions) area of Invoice2go, 1B GST on purchases is the sum of the Tax field for the time period specified.
I use more than 1 tax on my invoices, how do I get an accurate measure of my ‘1A GST on sales’?
To get a detailed breakdown of GST, you are able to go into the Tax Report: Reports > Report list > Taxes.
How do I change the quarter?
To change the quarter, click on the Date increment field and choose the quarter you want to change to.
How do I change the financial year?
To change the financial year, click on the Tax year field and choose the tax year applicable.
The BAS report follows guidelines outlined in the Simpler BAS initiative by the Australian Tax Office (ATO).