Xero Courses - BAS and IAS Preparation

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Our Xero BAS course delves into the operation of the activity statement system in Australia, GST, PAYG and other taxation principles necessary to complete BAS tasks and the mechanisms of those systems. Students then apply the principles taught to a realistic case study in Xero.

The worked case study steps students through the preparation and lodgement of two monthly instalment activity statements for a business, before completing a quarterly business activity statement. 

Xero's activity statement preparation reports are examined and utilised in conjunction with reconciliation templates, the use of which is detailed in the course.

Course Details

Week 1. The Business Tax System 

1.1 Introduction to Activity Statements

1.2 Providing BAS Services

1.3 Income Tax 

Week 2. PAYG and the Instalment Activity Statement 

2.1 What is PAYG? 

2.2 The PAYG Withholding System

2.3 PAYG Tax Withheld and Activity Statements

2.4 The PAYG Instalment System

2.5 PAYG Instalments and Activity Statements

2.6 Completing Instalment Activity Statements

Week 3. The Goods and Services Tax 

3.1 The Mechanics of GST and the BAS

3.2 Types of Supply

3.3 Methods for Calculating GST Liability 

3.4 The GST Calculation Worksheet: GST on Sales 

3.5 The GST Calculation Worksheet: GST on Purchases

Week 4. Completing the Business Activity Statement

4.1 Payment 

4.2 GST Reporting Periods 

4.3 BAS Form Types

4.4 Completing the BAS