BAS/IAS and GST Reconciliation (Online Xero Course)
Learn all about managing GST in Xero from world-class specialist Xero trainer, Angela Sibly.
Course Type Short Course
Qualification Certificate of Achievement
Level Intermediate Level
Payment Options Upfront & Payment Plans
Delivery Online & Distance Education
In this expert level Xero course, you will learn how to manage GST in Xero.
Introduction to the GST Reconciliation Report
In this lesson, you will learn about the GST Reconciliation Report and how it is broken down into sections. You will learn about each area, what it shows and the important steps you need to take in order for the GST Reconciliation Report to populate correctly. You will also learn how the amounts on the GST Reconciliation Report connect to the other financial reports in Xero such as the Balance Sheet, Aged Receivables and Accounts Transaction Report.
In this lesson, you will learn the common things that people do wrong when setting up GST in Xero and how this effects the GST Reconciliation Report ongoing – and more importantly, how to avoid having any issues in the first place.
Activity Statement Settings
In this lesson, you will learn all about the activity statement settings and tax rate settings in Xero and how they affect the GST Reconciliation Report and the preparation of Business Activity (BAS) and Instalment Activity Statements (IAS).
Reconciling the GST Reconciliation Report
In this lesson, you will learn why discrepancies may exist between your financial reports and your GST Reconciliation and how to fix them. You will also learn how to cross-check and reconcile every section of the GST Reconciliation report and be confident with the report and the financial information in your reports on a regular basis. No more massive GST reconciliation once a year!
In the lesson, you will learn how to prepare an Activity Statement in Xero as well as the importance of lock dates, publishing all the relevant reports and other helpful tips and tricks before lodging with the ATO.
Efficient Invoicing, Quotes, Deposits & Payment Services | Managing Bills, Batch Payments, Remittances & Files | Bank Reconciliation, Fixing Errors & the Statement Balance | Converting to Xero | Importing to Xero | Practical Payroll| BAS/IAS and GST Reconciliation | Multi-currency & Foreign Transactions | Training Your Staff & Clients | Managing Your Bookkeeping Practice using Xero | How to Provide Value-Added Services Practically | Keeping Up Your Knowledge & Upskilling | How to Review a Xero File | Xero Inventory Fundamentals | Customising Xero Templates | How to Review a MYOB File Before Converting to Xero | Become an Expert Bookkeeper using Xero (Full Course)