Checklist For Finalization of BAS

At True Account Masters, we use systems and checklists for accuracy and completeness. When we process a client’s BAS, we use our “Checklist for Finalization of BAS,” and this ensures that we never miss a thing! We are happy to share the checklist with you! Get your FREE copy today!

• Tally the bank balances and Generate Reconciliation reports for all the banks
• Confirm balance of Petty Cash with client
• Tally all the previous BAS with books of accounts
• Get Receivables approved by Client
• Analyses old receivables
• Get Payable approved by Client
• Generate Financials and sense check the same with Previous Quarter
• Generate GST Audit report and verify if any inconsistencies
• GST Payable account should be reconciled with BAS
• Check the invoices for capital addition and correct Effect in BAS
• Enter PAYG installment of income if required to be Submitted in BAS
• Prepare working of PAYG for employees and put it in BAS Workings
• Check Document ID on ATO before submission
• Reconcile Client integrated Account with GST Payable Account.

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