Hi, I have a difference in the EOFY accounts BAS paid into ATO portal and QBO amount. How do I account for the difference in balances? Sorry, not allowed enogh letters!
Hi, I have a difference in the EOFY accounts BAS paid into ATO portal and QBO amount. How do I account for the difference in balances? Sorry, not allowed enogh letters!
Hi, I have a BAS difference in the EOFY accounts. The BAS FY24-25 calculated by my accountant and paid using the ATO portal of $ 10,745. The amount due in QBO is $ 11,643 sitting under To Pay in GST but marked as lodged. I still have an outstanding transaction of the $ 10, 745 to the ATO in the bank feed which I can pair but how do I handle the difference of $ 898?
Hi, I have a difference in the EOFY accounts BAS paid into ATO portal and QBO amount. How do I account for the difference in balances? Sorry, not allowed enogh letters!
Hi there, @a-lowry. Cases like this are best reviewed by your accountant to ensure proper handling aligned with ATO requirements. They can guide you in reconciling the outstanding transaction and addressing the difference accurately in your accounts.
If you have additional questions, let us know in the comment section below.
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