Xero Australia - Advanced BAS and GST Course

Xero Australia - Advanced BAS and GST Course

Do you lose sleep every time you have to do an Activity Statement?

Do you find it time consuming, confusing and stressful?

Then this is the course for you!

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Our "Xero Australia - Advanced BAS & GST Course" will give you everything you need to know about preparing and lodging Activity Statements in the world’s fastest growing cloud-based accounting software.

Over almost six hours, you will learn how to set up, prepare, check and complete Business Activity Statements (BAS) and Instalment Activity Statements (IAS) in Xero.

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What will I learn from this course?

You will know how to lodge your completed BAS and IAS returns directly to the ATO via Xero, or lodge them manually in the ATO's Business Portal.

You will discover how to pay the ATO with full or part-payments and how to reconcile the payments in your Xero accounts.

You will learn how to post manual journals to help manage the tax liability accounts on your balance sheet.

You will be able to process export and import transactions to ensure the correct amounts of GST appear on your BAS.

And you will be aware of the theory behind GST and withholding tax for payroll so you can better understand how to manage your general ledger accounts and tax rates.

By the end of the course you should have the confidence and know-how to set up and manage Activity Statements in Xero for your business or for your clients.

If you are a bookkeeper, you will impress your clients with your knowledge and accuracy and will likely be able to charge the best rates for doing BAS and IAS returns.

If you’re a small business owner, you will have the skills to do your own BAS and IAS returns and avoid making common errors.

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What is the course structure?

For most of this course, we use a free Xero trial account instead of the demo company. That way, you will learn how to set up your business' Activity Statements properly from scratch.

** Please note that this course is about Activity Statements in Australia and uses the Australian version of Xero **

Some of the topics we cover are:

• Simpler BAS vs Full BAS

• Instalment Activity Statements (IAS)

• Setting up Activity Statements, general ledger codes and tax rates in Xero

• How activity statement labels populate

• Starting, completing and checking Activity Statements

• Lodging directly through Xero or the ATO Online Services Portal

• Posting journals to manage your tax liability accounts in Xero

• Paying the ATO in full or with part-payments

• Reconciling the payments in your Xero bank feed

• How to use the GST Reconciliation Report

• Basic vs Advanced tax rates

• How to choose the right tax rates for your general ledger codes

• Dealing with imports and exports

• Input Taxed sales and purchases

• Capital purchases

• Mapping payroll to labels W1 and W2

• How labels for other taxes such as fringe benefits tax and fuel tax credits work

In each lesson, we run through the theory behind each learning outcome before going into Xero and demonstrating what you need to do. That way, you can practise your skills in real time as you watch each lesson.

This makes the whole course one big interactive exercise!

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So what are you waiting for? Sign up today and take charge of your Activity Statements.

See you on the course!

Learn how to set up, prepare, check and complete Business Activity Statements (BAS) in Xero for your small business

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What you will learn

• Learn how to set up the right Activity Statements, general ledger codes, tax rates and payroll pay items for your business
• Understand how Xero automatically calculates GST and payroll withholding tax on your BAS and IAS returns
• Become an expert on Xero’s different GST tax rates such as BAS Excluded, Input Taxed and GST Free

Rating: 4.47059

Level: All Levels

Duration: 5.5 hours

Instructor: Mark Cunningham