Completing your activity statement (Australia)

Complete your BAS report

You'll now be guided to complete your BAS report, using detailed information about your business's GST liability (how much GST you've collected and paid). This information is used when you lodge your BAS.

1. Go to the Reports menu > BAS.

   If you've previously completed a BAS, it appears in the BAS reports section. If you want to see its details, click the BAS period.

2. Click Create new.

3. If you have a previous BAS in progress and you want to complete it, click Edit existing BAS in the message that appears to open it and complete it, or click Create new to start a new one.

4. In the Setup section, you can see what period you're completing a BAS for.

5. If:

   • this is your first return, you can choose the BAS period you'd like to report on
   • you've previously completed a return, you won't be able to change the BAS period. To carry over late or edited transactions, reports need to be done every period in order. You can't skip the current period to a future period. If you don’t have any GST to report this period, you’ll still need to finalise this report to move to the next period.

6. Check that your business details are correct. These details are pre-filled from your MYOB Business data.

7. If you need to add or edit any transactions, you may need to remove or edit your lock date. A lock date prevents anyone from inadvertently creating, editing or deleting transactions prior to a date you specify.
   To check your lock date, click Business settings and scroll down to Lock date. Find out more about lock dates.

   You can go back to the report after looking at the lock date by selecting back (left arrow in top left corner) in your browser.

8.  Click Next to open the GST report.

9. Use the GST report to see the amount of GST collected and paid for each of your tax codes and to confirm that the right tax code has been assigned to transactions.

   To:

   • see all the transactions that make up the totals in the report, click the dropdown arrow next to each Tax code
   • view transactions on all tax codes, click Expand all
   • view and edit a transaction's details, click its ID No.
     If you need to edit a transaction:
   1. Click Cancel and exit the GST return report.
   2. If required, remove the lock date on the period so that you can edit the transaction.
   3. Once you've made your changes, go to the Reports menu > BAS and click Create new to restart your return.

   In a future release, you'll be able to refresh the GST return report when you make a change to a transaction.

10. Click Next to open the Prior period adjustments report to see if there were any transactions added, edited or deleted in the previous BAS period.

11. If there are prior period adjustments, you can choose to add them to your BAS report, or if they aren't relevant to the period (e.g., because you've already included them in a revised BAS), you can remove them. Note that the removed claims won't be included in future BAS reports.

12. Click Export and choose to export the Prior period adjustments report as a PDF or Excel file.

    You'll need to manually add any prior period adjustments to your return. In a future release, you'll be able to automatically add them.

13. Click Next to open the Finalise page. This shows the totals you need to enter in each field of your BAS. The amount you need to pay the ATO (a positive figure), or are to be refunded by the ATO (a negative figure), appears under Amount owed.

14. Click Finalise BAS. Your completed BAS report is listed with any previous BAS reports:
    

    You can now file your BAS with the ATO.

15. To prevent any changes to transactions in the period you've just reported, set a lock date.
    
    

View a completed BAS report

1. Go to the Reports menu > BAS. Any completed activity statements are listed in the BAS reports section:
   
   
2. If required, filter the list by Financial year.

3. Click the BAS period of a report to see its details.
   
   

   • The GST return summary tab lists the totals you need to enter in each field of your BAS. The amount you need to pay the ATO (a positive figure), or are to be refunded by the ATO (a negative figure), appears under Amount owed.
   • The GST report tab shows the totals of sales, income, purchases and expenses for the report period. Click Expand all to see the transactions that produced these totals. Click an ID No. to view the details of transactions.
   • The Prior period adjustments tab shows any transactions added, edited or deleted in the previous BAS period.

4. Click Export and choose to export a report as a PDF or Excel file.

I need to change my BAS setup or details

If you need to change your tax code setup, authorised person, or change how year-end adjustments recorded in MYOB affect your BAS:

1. In MYOB, go to the Accounting menu and choose Prepare BAS or IAS.
2. If prompted, sign in to your MYOB account.
3. Click the Settings option.

If you change the tax code setup, it will not affect any returns that are already in progress. You’ll need to open the statement that’s in progress, choose to Edit it, and then click Update from ledger, to use the new tax code setup details.

Note that doing this will replace the values of all fields that are automatically calculated based on the tax code setup.

How do I set my PAYG Withholding reporting frequency?

You can set the reporting frequency on the Report settings page. To set the frequency, click your business name and select Report settings. Under PAYG withholding, select the frequency and click Save.