BAS Review Checklist

Business Name: Smith's Electrical Services PTY LTD ABN: 12 345 678 901 BAS Period: 01/07/2023 to 30/09/2023 Date of Review: 25/10/2023 Reviewed By: John Smith

1. Preparation & Reconciliation

• Have I entered all transactions for the period? Yes, all bank feeds imported.
• Have I performed a bank reconciliation for all accounts? Yes, reconciled to 30/09.
• Do my bank account balances match the physical bank statements? Yes, variance is zero.
• Have I reconciled my accounts payable and accounts receivable? Yes, aged reports run.

2. GST Verification (Labels G1 to G10)

• G1 Total Sales: Matches P&L income of $45,500.00.
• G2 Exports: Nil exports this quarter.
• G3 Other GST-free sales: Nil.
• G4 Capital Purchases: Purchased new drill set for $1,100. GST claimed correctly.
• G10 Non-capital purchases: Matches expense total of $12,200.00.
• GST Calculations: Label 1A is $3,343.64. Calculation (Sales - Purchases) verified.

3. PAYG Withholding Verification (Labels W1 to W5)

• W1 Total Withholding: Matches payroll register total of $4,500.00.
• W2 Withholding where ABN not quoted: Nil.
• W4 Other Withholding: Nil.
• Payroll Register: Checked STP finalisation for Q1. Matches exactly.

4. PAYG Instalments (Label T5 or T7)

• Instalment Amount: Used ATO pre-filled amount of $1,200.00.
• Variation Reason: N/A.
• Income Estimate: N/A.

5. Fuel Tax Credits (Label 7D)

• Eligible Fuel: Claimed on 500 litres of diesel for ute.
• Road User Charge: Calculated correctly excluding RUC component.
• Calculation Method: Used rate of 4.2 cents per litre. Total claim $21.00.

6. Final Checks

• Figures: Myob reports match BAS.
• Prior Adjustments: None.
• Contact Details: Updated email to new office address.
• Payment: Funds set aside in tax account.

Sign-off: I confirm that I have reviewed the figures and they are true and correct to the best of my knowledge.

Signature: John Smith Date: 25/10/2023