BAS Review Checklist

Business Name: [INSERT BUSINESS NAME] ABN: [INSERT ABN] BAS Period: [INSERT START DATE] to [INSERT END DATE] Date of Review: [INSERT DATE] Reviewed By: [INSERT NAME]

1. Preparation & Reconciliation

• Have I entered all transactions for the period?
• Have I performed a bank reconciliation for all accounts?
• Do my bank account balances match the physical bank statements?
• Have I reconciled my accounts payable and accounts receivable?

2. GST Verification (Labels G1 to G10)

• G1 Total Sales: Does the figure match my total income in the profit and loss statement?
• G2 Exports: Are export sales supported by valid export documents?
• G3 Other GST-free sales: Are these sales correctly coded as GST-free?
• G4 Capital Purchases: Have I checked for large asset purchases?
• G10 Non-capital purchases: Does this match my general expenses?
• GST Calculations: Does the total GST (Label 1A) equal sales minus purchases?

3. PAYG Withholding Verification (Labels W1 to W5)

• W1 Total Withholding: Does this match the sum of all employee payslips for the period?
• W2 Withholding where ABN not quoted: Have I verified these payments?
• W4 Other Withholding: Have I correctly reported no ABN withholding or other payments?
• Payroll Register: Does my payroll report match the W1 figure exactly?

4. PAYG Instalments (Label T5 or T7)

• Instalment Amount: Did I use the ATO pre-filled amount or varied it?
• Variation Reason: If varied, have I recorded the reason?
• Income Estimate: Is my estimated income for the year realistic?

5. Fuel Tax Credits (Label 7D)

• Eligible Fuel: Have I included all eligible fuel purchases?
• Road User Charge: Have I correctly excluded the road user charge for heavy vehicles?
• Calculation Method: Did I use the correct rate per litre for the fuel type?

6. Final Checks

• Figures: Do the total figures match my accounting software reports?
• Prior Adjustments: Have I accounted for any corrections from previous periods?
• Contact Details: Is my current email and phone number correct?
• Payment: Do I have sufficient funds for the payment due date?

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

Signature: ___________________ Date: ___________________