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Producing the Business Activity Statement

The Jiwa system produces a Business Activity Statement and Calculation Sheet for the specified period (Quarterly or Monthly). The Business Activity Statement and Calculation Sheet include transactions with a BAS Code as follows:

Transactions for Acquisitions from Purchase Invoices, Creditor Sourced Transactions, General Journals, Cash Book Payments, Payments via the Bank Reconciliation
Transactions for Supplies from Sales Orders, Credit Notes, Debtor Sourced Transactions, General Journals, Cash Book Receipts, Receipts via the Bank Reconciliation
Transactions for Pay As You Go withholding items including Salaries Paid, Salary Deductions and others

Before finalising the Business Activity Statement, each month in the tax period being reported should be finalised and the General Ledger ‘global locked’ for the period. (Refer: General Ledger, Period Closure on the next page).

Steps

1.	Sales Tax Sales Tax Reports¨ Business Activity Statement (TXMGT001)
2.	Select the period. e.g. 01/07/2008 to 30/09/2008
3.	Click the Print icon to print the Business Activity Statement and Calculation Sheet

To validate that the Business Activity Statement and Calculation Sheet are correct, the Business Activity Statement Worksheets are available.

Business Activity Statement Worksheet 1 (TXMGT002) – to validate the amounts related to Supplies and Acquisitions for the period
Business Activity Statement Worksheet 2 (TXMGT003) – to validate the amounts related to Pay As You Go (PAYG) withholding and other items
Business Activity Statement Worksheet 3 (TXMGT004)– to provide a list of general ledger accounts showing a summary by selected BAS Codes and assisting with pinpointing differences between the movement in total and the movement for the Business Activity Statement.

The worksheets have various report options that allows different levels of detail to be printed. A specific range of BAS Codes can also be selected for the worksheets.

The General Ledger Listing with Source (GLINF022) can also be used to compare the details for each account with the worksheets.

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