Business Activity Statement Preparation / Processing
BAS Processing is an app that simplifies the preparation of Business Activity Statements for Clients using Epicor.
The process of preparing the Business Activity Statement (BAS) should be quick and easy and allow Finance Staff to be 100% confident in the numbers reported to the Tax Office.
The numbers reported to the Tax Office should be easily verifiable up to 5 year and should reconcile back to the General Ledger GST control account balances.
The BAS Processing app allows Finance Staff to prepare the monthly BAS by reporting numbers for G1 through to G20 and 1A (GST Payable) and 1B (GST Receivable).
BAS Processing requires 20/20 (from Sonic Computing) and Epicor ERP (from Epicor) and has the following features:
The process of preparing the Business Activity Statement (BAS) should be quick and easy and allow Finance Staff to be 100% confident in the numbers reported to the Tax Office.
The numbers reported to the Tax Office should be easily verifiable up to 5 year and should reconcile back to the General Ledger GST control account balances.
The BAS Processing app allows Finance Staff to prepare the monthly BAS by reporting numbers for G1 through to G20 and 1A (GST Payable) and 1B (GST Receivable).
BAS Processing requires 20/20 (from Sonic Computing) and Epicor ERP (from Epicor) and has the following features:
- Web-based access only required (i.e., no software required to be installed on a client workstation).
- Access controlled via 20/20 group permissions.
- Intuitive to use (Everything is performed from a single page and there is no user training required).
- Very fast (under 5 seconds to create a new process / month and under 5 seconds to execute the calculation sheet).
- The BAS Calculation Sheet can be prepared ahead of time, and just updated when the BAS is due for submission / payment.
- Drilldown from GST Box number to underlying transactions, with the underlying transactions displaying all the relevant detail (without running other reports).
- Drilldown from 1A and 1B GST boxes to a reconciliation report that reconciles back to the General Ledger GST Control accounts.
- Detailed Epicor transactions are indefinitely linked to a monthly process alleviating the necessity to keep manual records, reports and / or Excel workbooks in relation to each monthly BAS submission.
- Finalise Process locks amounts and transactions to the monthly process / submission, so that future dated transactions (irrespective of the accounting period) will be included in the next BAS.