Step by Step instructions
1. GST Report Configuration and Setup
- Search for GST Reports Configuration in Wiise.
- You’ll see the page as the below screenshot.
- Select GST Report Type > BAS Report.
- Click Edit List.
- The below page appears as such:
- Setup a new row as follows:
- Validate Codeunit ID: 0.
- Specifies the name of the GST statement template: BAS.
- GST Statement Name: DEFAULT.
- Tick the first box column.
- Setup a new row as follows:
2. BAS Report List Setup
- In the same screen that you’re in, Click New.
- Make sure that you have GST Report Type: BAS Report selected.
- Enter in the This is a reference of your BAS Report. Then, enter in the Version field.
3. The Start Date and End Date will be automatically populated.
4. Click the Process menu on the same screen > select Suggest Lines.
-
- The fields will be pre-populated.
- To agree, click OK.
6. After you’ve proceeded to click OK, the lines will be populated with the transactions of the period.
7. The below screenshot is the BAS Report generated for the period.
3. Calculate and Post your GST Settlement
1. Within the same BAS Report, Click Process > Release.
2. The status in your BAS Report will be changed to Released.
4. A report that has been successfully submitted shows up as below.
5. When you see this status, go to Process > Mark as Submitted.
6. Once successfully completed, the report will show marked as submitted.
7. Finally, you can now calculate and post GST settlement. Click GST Settlement > Calculate and Post GST Settlement.
8. The Calculate and Post GST Settlement view appear as below.
10. You can select Print, Preview and/or Send to.
11. Let’s have a look at a Preview view below.
That’s the end of the GST and BAS configuration and setup for Australia.
You’re all set.
*Note: If you run into any issues here, please raise a Wiise Support ticket with support@wiise.com