BAS - Automatic Reconciliation of BAS Payments
Auto create entries for items included in “Amounts the Tax Offices owes you” and under the accounts of PAYGW, GST and PAYG, when an activity statement is created in Xero.
Purpose: Save time not having to manually create once Activity Statement is completed
AdminXero Team
(Admin, Xero)
shared this idea
Hi everyone, roll out for this release has begun and will ramp up really quickly so you should all have it within the next couple of days. 😊
We've released a new feature that allows you to easily create a draft bill or invoice directly from the BAS (Business Activity Statement) statement page after finalising or filing it for the period.
The created transaction will be pre-populated with most of the required details such as contact details, account, amount, and description, for you to review and approve. You'll be able to view the transaction directly from the BAS return, or through Invoice and Bills. 🎉
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Rebecca Keating
commented
would love xero to be able to do this.
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Damien Mills
commented
Why would this NOT be there?
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Boyceys Books
commented
It would be awesome if Xero was able to automatically create a draft Journal for VAT/GST/PAYG payments when completing the relevant Business Activity statement. This would save lots of time when processing/reconciling the payments to the relevant government authority. Quickbooks already has this feature (screenshot attached).