Small Business BAS Checklist Simplify your BAS preparation with CoActise’s interactive checklist! Tick off tasks to streamline your bookkeeping. 0% Complete 📝 BAS Period Checks0/6 Done Track purchases or trade-ins of vehicles or equipment. Log overseas purchases and customs invoices. Record insurance claims or refunds (e.g., WorkCover). Document hire purchase or finance agreements. Note government grants received. Review business contracts affecting BAS (e.g., new suppliers). 🔍 Data Reconciliation0/5 Done Reconcile bank, credit card, and loan accounts. Enter all purchases, cash expenses, and petty cash; verify debtors/creditors. Clear suspense, payroll, and undeposited funds; explain non-zero balances. Reconcile GST reports with income (cash basis) or balance sheet (accrual). Audit data file in accounting software (e.g., Xero, MYOB) for accuracy. 📊 BAS Preparation and Lodgment0/4 Done Review GST summary report; confirm prior BAS data is unchanged. Verify tax code allocations in GST detail report; save copies for records. Prepare BAS, ensuring balances match GST reports (due [Month] 20XX). Back up data file (e.g., 'CompanyName[Month]20XXBAS') and lock period.
