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BAS/IAS

 

Pre-requisites

  • If lodging a BAS, the fund is registered for GST;
  • TFN and ABN have been input in Fund Details;
  • The Tax Agent has been added to the Fund Relationships screen.
    • Where the Tax Agent is a company, a representative must be attached to this company. See: Add a Company.
  • A Lodging Party has been added;
  • You have nominated BGL as your software provider for SBR Authentication
  • Note: For the data to download from the ATO, the fund will need to be listed in your Client List in the Tax Agent Portal. 
  • For lodgement, the fund will need to be listed under your Access and Permissions in the Access Manager on the ATO Portal.

Overview

Business Activity Statement (BAS) and Instalment Activity Statement (IAS) forms can be downloaded from the ATO. Pre-fill data will be automatically downloaded for supported forms from the ATO and Simple Fund 360 will populate these data fields using its own calculations based on the ledger data. You also have the ability to prepare/edit and lodge these forms to the ATO.

Navigation

 

From the Main Toolbar, select Compliance.
Select BAS/IAS from the list.

 

Forms Supported

 

Form Explanation
BAS Form A - Business Activity Statement

Quarterly BAS for taxpayers with:

  • Quarterly GST;
  • PAYG tax withheld;
  • PAYG income tax instalments.
BAS Form D - Business Activity Statement

Quarterly BAS for taxpayers with:

  • Quarterly GST
BAS Form R - Quarterly PAYG Instalment notice

Quarterly BAS for taxpayers with:

  • Quarterly PAYG instalments
Annual GST Return - Form P BAS for taxpayers who have chosen to pay GST annually or by instalments.
IAS - Form J

IAS for taxpayers with:

  • Quarterly PAYG income tax instalment;
  • PAYG tax withheld;
  • FBT instalments.
IAS - Form I

IAS for taxpayers with:

  • PAYG tax withheld (quarterly).
Annual IAS - Form N For taxpayers who report and pay an annual PAYG income Tax Instalment.

 

Forms Not Supported

If a form is not supported, under the Action column Not Supported will display.

Screen Fields

 

Screen Fields Explanation
Download Filter The Download Filter allows you to specify the date range for which forms will appear in the BAS/IAS Form List.
Download Data Selecting Download Data will send a prompt to the ATO and retrieve the required BAS/IAS forms for the selected fund and pre-fill the statement information for you ready to view in the BAS/IAS screen. 
BAS/IAS Form List

The Form List will display the fund's relevant forms for the date range outlined in Download Filter.
ATO Status
Status Code Explanation
New Form is ready for completion.
Pending DGST amount ATO cannot generate a complete activity statement and the ATO will need to action these forms.
Lodged Form has been lodged and received and is ready for processing. Form is not editable.
Excluded Form does not have a valid status code. Form is not editable.
Processed Form has been finalised. Form cannot be edited.
Cancelled Form has been cancelled.
Discontinued Form is discontinued.
Document Status

The status of the document within the workflow process will be outlined as one of the following:

  • Downloaded
  • Sent to Client
  • Review
  • Lodged (Manually)
Last Modified By Which user last edited the particular form.
Action Select Edit to view and alter the relevant form.

How to Prepare and Lodge Forms

 

Important

The Create Entries Process is not required to be completed prior to lodging. GST is calculated on post.

Selecting Download Data will send a prompt to the ATO and retrieve the required BAS/IAS forms for the selected fund.

Next to the relevant form select Continue.

 

Important:

  • You must select Download Data before proceeding. The information available from the ATO will pre-fill;
  • If the information is not available from the ATO, it will be picked up from the fund's ledger;
  • If the information is not available from either the ATO or the fund ledger, the field will be blank;
  • If the information is available from the ATO and the fund ledger, the ledger amount will appear in the field and the ATO amount will appear below. For example:

 

What if a form is not supported?

The download from the ATO will download all relevant form information. If a form is not supported, under the Action column Not Supported will display.

Refer to the following form specific pages for lodgement instructions:

 

Lodging Dates

Quarterly

Quarter Due Date
1 - July, August, September 28 October
2 - October, November, December 28 February
3 - January, February, March 28 April
4 - April, May, June 28 July

Monthly

Usually the 21st day of the following month. 

Refer to the ATO website for more.

Annually

Amendments

Amendments for BAS/IAS are not currently yet available. 

 

Frequently Asked Questions

I am unable to input the PAYG income tax instalment amount for BAS and it is greyed out. However, on the ATO portal, there is an amount in that section. Why isn't this amount showing correctly?

  • This can occur when the required option is not selected in "Part C - PAYG income tax instalment".
    Please ensure that "Option 1 - Pay a PAYG instalment amount quarterly" is selected:
  • Note: If the download was not done recently in Simple Fund 360, then the users have to select Download Data again to prefill the latest data from ATO.

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