You will need to have a print out or access to your BAS/IAS. From this you will need to look at the back sheet. This will give you the information needed to enter your transaction. The table below provides a brief description of the BAS fields and how an ATO payment is entered, in other words positive or negative, through the Banking command centre using Spend Money. BAS Field | Field Name | Description | Account number example | In Spend Money the entry is +/- | 1A | Goods and Services tax payable | This is the GST that you have collected. | 2-1210 | + (Positive) | 1B | Goods and services and services tax paid | This is the GST that GST that you have paid. | 2-1220 | - (Negative) | 1C | Wine Equalisation tax Equalisation tax payable | This is the amount the amount of Wine Equalisation tax that you will need to pay if applicable to youto you. | 2-1370 | + (Positive) | 1E | Luxury car tax payabletax payable | This is to record the record the Luxury car tax that you will need to pay if applicable to you. | 2-1360 | + (Positive) | 4 | PAYG withholding payablewithholding payable | This is the total amount total amount of PAYG that is withheld from employees and subcontractors. This field also field also includes amounts withheld for No ABN and also No Tax File Number. | 2-1370 | + (Positive) | 5A | PAYG Instalments | This is the prepayment the prepayment of PAYG, which is based on total Income and the instalment rate that rate that is set on your BAS/IAS form, or an instalment amount. | 1-1980 | + (Positive) | 6A | Fringe Benefits Tax Benefits Tax Instalments | This is a prepayment a prepayment of Fringe Benefits Tax based on a projection for the year. | 1-1340 | + (Positive) | 7 | Deferred Company funds Instalments | This field relates field relates to those who are liable to pay deferred instalments under the company or company or fund instalment system. | 1-1990 | + (Positive) | N/A | Adjustments and Rounding Account | The BAS requires that whole dollars be reported, so some manual rounding manual rounding of cents will be required. We suggest that you create an adjustments and adjustments and rounding account to record the manual rounding of these adjustments. | Expense or Income Account | + (Positive) or - (Negative) |
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