Description
Features
The Process
- Start at the beginning of any tax period during the financial year
- Enter unpaid amounts at the start date
- Add a one-line sumary for each BAS before the start date to estimate income tax YTD
- From the start date, enter a summary of sales and purchases for your BAS by date ranges that suit the needs of your business
- Enter payroll related data by pay day for a more up to date estimate or grouped by tax period
- Enter actual figures when the related form(s) have been prepared and actuals will replace estimates
- Enter payments when made and actuals are reduced accordingly
- See a real-time estimate to the date of your last entry of “tax money” needed for future payment.
Tax Money Monitored
- BAS – GST
- BAS – PAYGI
- Income tax (at EOFY)
- PAYGW
- Super (it’s just another tax on wages)
- FBT
- Payroll Tax
The Outcome
A summary of all taxes are brought together in one screen showing for each tax for each tax period –
- Estimates
- Actuals
- Payments
- Tax Money (the balance)
Licencing
This product is available for unlimited use within your practice and by your client base.
Screenshot – Settings
Screenshot – BAS Estimates
Screenshot – Payroll Estimates
Screenshot – Tax Money
