In March 2018 QuickBooks will start rolling out a new GST experience. This will happen gradually over a period of time. If you can see View reports, you are in the classic experience or if you can see Run Reports, you are on the new experience. Please follow the relevant steps below based on the GST experience you are in.
This article outlines the current and updated GST filing experience for QuickBooks Online Australia.
Lodging BAS in the Current GST Centre
For more information about how to Lodge BAS in the current tax centre, please refer to Lodging a BAS.
Below are also some comprehensive overviews for the current lodgement experience:
For more information about how to apply a GST payment, please refer to Recording a GST payment.
Lodging Activity Statements in the New GST Centre
The updated GST Centre features a completely redesigned lodgement experience where users only review the aspects of the lodgement that apply for the filing period based on the tax settings, and also introduces native support for both Business Activity Statements (BAS) and Instalment Activity Statement (IAS) lodgements.
Inputs for the lodgement are saved as you go, saving time if you need to double check a figure before lodging. To bring this new experience to life the screenshots and steps below are for a quarterly BAS reporting GST and Income Tax Instalment.
As always, we recommend users perform pre-BAS checks before beginning any lodgement to ensure data accuracy.
- From the left menu, select GST, then choose Prepare BAS.
- Review your GST obligations. QuickBooks will display the total sales (including GST), total purchases, GST collected on sales, and GST paid on purchases, then click Next.
- Manually input or review the Income Tax instalment amount being paid with this lodgement**.
- If your instalment amount needs to be changed, tick I need to adjust the instalment amount and adjust accordingly, then click Next.
- After reviewing the complete activity statement, click Mark as lodged to close the tax period in QuickBooks.
Note: If you have authorised QuickBooks to lodge with the ATO, the instalment amount will be downloaded automatically. Please view Connecting QuickBooks Online with the ATO for more information about authorising QuickBooks as your software provider with the ATO. After the lodgement, users are reminded to lodge their BAS directly with the ATO (if not lodging electronically from QuickBooks) and to make payment directly if required.
For more information about how to apply a GST payment, refer to Recording a GST payment (BAS Payment).
Monthly IAS can now be completed using the same method as perparing your BAS
For example, say a user needs to catch up on Q4 BAS (April to June), and has monthly PAYGW and quarterly GST obligations enabled. When they start the quarter, the GST centre will show the April period as outstanding, with Prepare IAS as the button. After they lodge April IAS, the GST centre will then show the May period outstanding and Prepare IAS as the button. After they lodge May IAS, QuickBooks will now show April through June as the period outstanding and Prepare BAS as the button. The BAS lodgement will include GST obligations for the full quarter, but only PAYGW obligations for June. Once they lodge their quarterly BAS, the GST centre will then show Prepare IAS for the month of July and so on.
There are no changes to the current process for un-filing tax lodgements at this time in QuickBooks Online. You can request an un-lodgement by contacting Customer Success. Please refer to How to unlodge a BAS for additional information about when to unlodge BAS in QuickBooks.