CHECKLIST FOR FINALIZATION OF BAS

At Rayvat Accounting, we use systems and checklists for accuracy and completeness. When we process a client’s BAS, we use our “Checklist for Finalization of BAS,” and this ensures that we never miss a thing! We are happy to share the checklist with you! Get your FREE copy today!

• • • • • • • • • • • • Tally the bank balances and Generate Reconciliation reports for all the banks
                      • Confirm the balance of Petty Cash with the client
                      • Tally all the previous BAS with books of accounts
                      • Get Receivables approved by the Client
                      • Analyses old receivables
                      • Get Payable approved by the Client
                      • Generate Financials and sense check the same with the Previous Quarter
                      • Generate GST Audit report and verify if any inconsistencies
                      • GST Payable account should be reconciled with the BAS
                      • Check the invoices for capital addition and correct Effect in BAS
                      • Enter PAYG installment of income if required to be Submitted in BAS
                      • Prepare working of PAYG for employees and put it in BAS Workings
                      • Check Document ID on ATO before submission
                      • Reconcile Client Integrated Account with GST Payable Account.

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