MYLEDGER Accounting preparation
GST & BAS
GST settings, reconciliation and the BAS workflow: labels with drill-down, PAYG from payroll journals, worksheets, adjustments and a summary PDF for the client. Figures are reconciled and summarised for you to carry into your lodgement software.
Who it is for
BAS agents, tax agents and bookkeepers working on activity statements.
Features in GST & BAS
GST settings and ABN check
Record GST registration, accounting method, reporting period and threshold, with an ABN lookup.
VideoGST account clean-up
Detect GST postings spread across several accounts and consolidate them.
GST reconciliation
Compare the GST in the ledger with the BAS figures, review the differences and keep a history of each reconciliation.
BAS summary
See the BAS labels for a period, such as G1, 1A, 1B, W1 and W2, with drill-down to the transactions behind each figure.
VideoPAYG withholding from payroll journals
Wages and PAYG withheld (W1 and W2) come from the client's payroll journals rather than being retyped.
BAS period settings
Per-period BAS settings: adjustments, inputs such as PAYG instalments, account mapping and BAS journal posting.
VideoBAS client defaults
Set a client's BAS defaults once, so each period starts correctly.
GST calculation worksheet
A GST calculation worksheet with manual inputs, following the ATO worksheet.
BAS summary PDF
Produce a BAS summary PDF for the client, edit and preview it before download.
VideoBAS cover email and e-signature
AI helps rewrite the BAS cover email, and the BAS can be sent to the client for e-signature.
VideoBAS adjustments working paper
Record GST, PAYG and BAS adjustments in a working-paper tab, with a record of each change.
Consistent GST treatment
Rules, zero-rating and learned patterns keep GST treatment consistent across similar transactions.
GST basis and non-profit threshold
Set the client's GST reporting method (cash or accrual) and the non-profit GST threshold where it applies.
More from MYLEDGER
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.