Set up reason codes for Australia BAS

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This procedure walks you through setting up the Additional BAS reconciliation account, the BAS PAYG reason codes and the BAS fringe benefit reason code which are required to generate the Australia Business Activity Statement.

This procedure was created using the demo data company USMF with a legal entity primary address in Australia.

Set up an additional BAS reconciliation account

  1. Go to Tax > Setup > Sales tax > Additional BAS reconciliation account.
  2. Click New.
  3. In the BAS reconciliation account field, specify the desired values.
  4. Click Save.

BAS PAYG reason codes

  1. Go to Tax > Setup > Sales tax > BAS PAYG reason codes.
  2. Click New.
  3. In the Reason code field, type a value.
  4. In the Description field, type a value.
  5. Click Save.

BAS fringe benefit reason codes

  1. Go to Tax > Setup > Sales tax > BAS fringe benefit reason codes.
  2. Click New.
  3. In the Reason code field, type a value.
  4. In the Description field, type a value.
  5. Click Save.