HOW TO GET APPROXIMATE QUARTERLY BAS FIGURE

HOW TO GET APPROXIMATE QUARTERLY BAS FIGURE

To get the approximate quarterly BAS figure

STEP 1
In Xero, go to REPORTS - ACTIVITY STATEMENT


Go to Business Activity Statement tab, and make sure to enter correct dates for the quarter


Scroll down to the bottom and look for YOUR PAYMENT figure



STEP 2
Get the PAYROLL ACTIVITY SUMMARY for the last month of the quarter (remember that we pay this together with the quarterly BAS)

Go to REPORTS - ALL REPORTS - PAYROLL ACTIVITY SUMMARY




Enter range as the last month of the quarter then click on update

In the result, look for TOTAL TAX


STEP 3
Add YOUR PAYMENT and TOTAL TAX figures that you got

e.g YOUR PAYMENT $102.916 + TOTAL TAX $33,680 = APPROXIMATE QUARTERLY BAS AMOUNT


*The accountant would still reconcile GST and make adjustments which is why this is just an APPROXIMATE AMOUNT.