What is a Business Activity Statement (BAS)?

Learn all you need to know about what a Business Activity Statement is, aka a BAS Return.

[@sematuncer8574]

Thanks very much for this concise and very useful presentation. 5 stars for user friendliness, the ATO should take heed.

[@TheBookkeepingChannel]

Glad it was helpful!

[@The_creative_cricut]

Thank you so much this video is so help full and the way you have presented this is so help full. This has really helped me on my assignment.

[@cdropbox]

wow exactly what i needed

[@TheBookkeepingChannel]

Glad we could help!

[@cdropbox]

i bought the course!!!!

[@TheBookkeepingChannel]

Awesome! Thanks for your support.

[@MedoHamdani]

Hi, So when the real estate agent ask for BAS, it should be submitted on a PDF form or Excel sheet saved in a PDF, if the coffee shop is only operated for two weeks

[@Tmate4444]

The only thing I want to know is if Total Sales includes GST?

[@DevOps-Cloud]

same question here

[@DevOps-Cloud]

Does Total Sales include GST or not?

[@TheBookkeepingChannel]

Yes

[@deesoller7077]

Hello, thank you for this discussion. I'm learning BAS/IAS since I'm planning to work for an aus firm. May I ask if by annual turnover, you mean annual profit? Thank you very much!

[@TheBookkeepingChannel]

No it means annual GST turnover. So whatever income/sales/etc are subject to GST. Profit is irrelevant for GST purposes.

[@deesoller7077]

@@TheBookkeepingChannel got it! Thank you for the clarification :)

[@Speed001]

"how are your bas" I meant to look for balls (it's a meme, don't ask), but Australian business stuff is an interesting find.