GST reconciliation
Compare the GST in the ledger with the BAS figures, review the differences and keep a history of each reconciliation.
The problem it solves
You need to show the GST in the ledger agrees with what was reported on the BAS.
How it works
- Generate the GST reconciliation.
- Review the differences between ledger and BAS.
- Investigate, resolve and keep the history.
What your practice gets
- Differences surfaced.
- History of each reconciliation.
- Confidence before the work goes out.
Questions accountants ask
What is compared?
The GST in the ledger and the BAS figures.
Does it lodge the BAS?
No. MYLEDGER reconciles and summarises the figures; you carry them into your own lodgement software. Fedix does not lodge.
Is there a guide?
Yes, see the GST reconciliation feature guide.
Related features
Features that work alongside gst 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.
VideoSee 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.