How to process BAS in Eclipse

You can use our BAS function to help process your GST and PAYG requirements with the ATO.  The BAS report pulls the postings from the GST Paid and GST collected accounts that fall within the GST period and displays them at the full invoice amount to help you identify the invoices. 

Once you've processed the BAS, you do not need to create a payment or do a journal to clear the GST accounts. The system will do this for you. You can find the amount owing in Accounts Payable or Accounts Receivable, depending on your BAS figure. 

Before you start: We recommend locking your dates to prevent any changes being made that will effect the figures in your Draft BAS report. You can do this from the Options menu under Accounts Receivable, type the relevant date in to the 'Previous Accounting Period Closed on' field, then click 'OK'.

To run the Draft report:

1. Under the Accounts Receivable tab select the GST button. It may be Red or Green depending on your BAS status. 

2. Select the GST Processing tab, then press Process GST.

3. Press View Draft GST Report. Please read through the information screen that appears.

4. Review the report to ensure the transactions that are being claimed are correct and make any relevant changes. You can click on the date of a transaction to pull up the ledger posting behind the transaction.

To process the BAS to Accounts Payable or Receivable and clear the GST accounts: 

1. Once the report is correct, close the draft report and click Process GST and then click Next. 

2. If you are including PAYG in the BAS then tick the Employee PAYG box, check this amount is correct against your Payroll reports. 

3. If you are including company PAYG in the BAS then tick the Company PAYG box and enter the amount in the box.

4. The amount that pulls through to the amount payable field may have cents included. As the ATO do not accept cents, override the figure to the nearest dollar. The system will automatically put the difference in to the rounding field which you can write off to an account in step 5. 

5. Make sure the Difference/Rounding Account has an account set, if not set one using the three dots.

6. Press Next, and then press Finish.

7. An amount will now be posted for you to your Accounts Payable or Accounts Receivable against the ATO client for you to make a payment against or receipt a banking. 

Related Articles

How to close off the accounting period