BAS Worksheet Calcualtions
BAS codes are the means by which individual portions of transactions entered into Constructor, can be identified for the purposes of GST and BAS reporting. Generally speaking, the BAS (or GST) code entered on the line of a transaction, along with entries made to key accounts (as defined in each company’s GL defaults) will determine the make up of the BAS worksheet. Below is an explanation of how each of the figures on a BAS is derived. At time of writing, the BAS worksheet is calculated on an Accrual Basis only. Summary and Detailed GST reports are available on a Cash or Accrual basis.