Business Activity Statement Sections (BAS)

Modified on Mon, 9 Mar at 2:54 AM

If a transaction has a tax code with a SynergyMeaning, it will appear on the BAS. The tax code on the general ledger account will be the default on all transactions but can be changed at entry time if the tax code is not fixed, except:

Debtor charges entries default to the general ledger code and tax treatment defined against the fee being posted.
No payroll sourced transaction will have a tax code.
In general ledger journals, you can change anything.
No new transaction can be dated prior to the last BAS date if the transaction has a tax code.

BAS Sections

BAS Section	Description	Criteria
G1	Total sales & income & other Supplies	Normal Journal (not a tax control account record) Tax code has a SYNERGY MEANING which is NOT blank Tax code doesn’t have a SYNERGY MEANING value of ‘TAXED’ or Adjustment Posting flag not ticked when creating G/L journal Income transaction
G2	Exports	Normal Journal (not a tax control account record) Tax code has a SYNERGY MEANING value of ‘EXPORT’ Income transaction
G3	Other GST-free supplies	Normal Journal (not a tax control account record) Tax code has a SYNERGY MEANING value of ‘TAXFREE’ Income transaction
G4	Input taxed sales & other supplies	Normal Journal (not a tax control account record). Tax code has a SYNERGY MEANING value of either ‘INPUTTAXED’ or ‘PRIVATE’. Income transaction.
G5	Total of your GST-free and input taxed supplies	Normal Journal (not a tax control account record). Tax code has a SYNERGY MEANING value of either ‘EXPORT’, ‘TAXFREE’, ‘INPUTTAXED’ or ‘PRIVATE’. Income transaction.
G6	Total of your taxable supplies	Normal Journal (not a tax control account record). Tax code does NOT have a SYNERGY MEANING value of either ‘EXPORT’, ‘TAXFREE’, ‘INPUTTAXED’ or ‘PRIVATE’. Income transaction. Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G7	Adjustments	Normal Journal (not a tax control account record). Tax code does NOT have a SYNERGY MEANING value of either ‘EXPORT’, ‘TAXFREE’, ‘INPUTTAXED’ or ‘PRIVATE’. Income transaction. Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G8	Total of your taxable supplies after adjustments	Normal Journal (not a tax control account record). Tax code does NOT have a SYNERGY MEANING value of either ‘EXPORT’, ‘TAXFREE’, ‘INPUTTAXED’ or ‘PRIVATE’. Income transaction.
G9	Divide G8 by 11	Normal Journal (not a tax control account record). Tax Amount is NOT a zero value. Income transaction.
G10	Capital acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code has a SYNERGY MEANING which is NOT blank. G/L Classification Code has a SYNERGY MEANING value of ‘ASSET’ or Tax code has a SYNERGY MEANING value of ‘ASSET’. Tax code has a SYNERGY MEANING value of ‘TAXED’ or Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G11	Other acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code has a SYNERGY MEANING which is NOT blank. G/L does NOT have a SYNERGY MEANING value of ‘ASSET’ And Tax code doesn’t have a SYNERGY MEANING value of ‘TAXED’. Tax code does NOT have a SYNERGY MEANING value of ‘ASSET’ or Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G12	Total acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code does NOT have a SYNERGY MEANING value of ‘TAXED’ or Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G13	Acquisitions for making input taxed sales & income & other supplies	Normal Journal (not a tax control account record). NOT an income transaction. Tax code has a SYNERGY MEANING value of ‘TAXED’.
G14	Acquisitions with no GST in the price	Normal Journal (not a tax control account record). Not an income transaction. Tax code has a SYNERGY MEANING value of either ‘TAXFREE’ or ‘EXPORT’.
G15	Total estimated private use of acquisitions + non-income tax deductible acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code has a SYNERGY MEANING value of ‘PRIVATE’.
G16	Total of non-creditable acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code has a SYNERGY MEANING value of either ‘INPUTTAXED’, ‘TAXFREE’, ‘PRIVATE’ or ‘EXPORT’.
G17	Total of creditable acquisitions	Normal Journal (not a tax control account record). NOT an income transaction. Tax code does NOT have a SYNERGY MEANING value of either ‘INPUTTAXED’, ‘TAXFREE’, ‘PRIVATE’ or ‘EXPORT’. Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G18	Adjustments	Normal Journal (not a tax control account record). NOT an income transaction. Tax code does NOT have a SYNERGY MEANING value of either ‘INPUTTAXED’, ‘TAXFREE’, ‘PRIVATE’ or ‘EXPORT’. Adjustment Posting flag not ticked when creating G/L journal - See General Ledger Journal --> Adjustment Posting flag.
G19	Total of creditable acquisitions after adjustments	Normal Journal (not a tax control account record). Not an income transaction. Tax code does NOT have a SYNERGY MEANING value of ‘INPUTTAXED’, ‘TAXFREE’, ‘PRIVATE’ or ‘EXPORT’.
G20	Divide G19 by 11	Normal Journal (not a tax control account record). Tax amount NOT zero. NOT an income transaction.

You can right click on a tax code lookup table value within General Ledger Maintenance > General tab to access the SynergyMeaning or access luTax via System > Lookup Table Maintenance - Finance