AU Tax - Journal entry for Activity Statement
Instead of creating a bill when lodging the BAS through Xero - have the option to create a journal entry instead!
Justine Vorich
shared this idea
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Daniel Agostinelli
commented
This! Creating a bill for each BAS works when they are paid in full and on time. However, when clients aren't doing this, I would rather a journal be entered so that the amounts owed to the ATO are tracked in the ATO integrated client account within the client's Xero file instead, as opposed to aged payables. This assists with year-end reconciliation by the accountant.