Xero Australia Advanced BAS and GST Course

Xero Australia – Advanced BAS and GST Course, available at $64.99, has an average rating of 4.75, with 50 lectures, based on 316 reviews, and has 1434 subscribers.

You will learn about 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 Learn which payroll pay items should be mapped to labels W1 and W2 Save time by lodging your Activity Statements to the ATO directly from Xero Learn how to post manual journals to consolidate your tax liabilities into one account on the balance sheet Reconcile payments to the ATO in your bank feed in seconds This course is ideal for individuals who are Small business owners or Bookkeepers and BAS agents It is particularly useful for Small business owners or Bookkeepers and BAS agents.

Enroll now: Xero Australia – Advanced BAS and GST Course

Summary

Title: Xero Australia – Advanced BAS and GST Course

Price: $64.99

Average Rating: 4.75

Number of Lectures: 50

Number of Published Lectures: 50

Number of Curriculum Items: 50

Number of Published Curriculum Objects: 50

Original Price: A$119.99

Quality Status: approved

Status: Live

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

Learn which payroll pay items should be mapped to labels W1 and W2

Save time by lodging your Activity Statements to the ATO directly from Xero

Learn how to post manual journals to consolidate your tax liabilities into one account on the balance sheet

Reconcile payments to the ATO in your bank feed in seconds

Who Should Attend

Small business owners

Bookkeepers and BAS agents

Target Audiences

Small business owners

Bookkeepers and BAS agents

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!

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.

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.

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!

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

See you on the course!

Course Curriculum

Chapter 1: Introduction

Lecture 1: Course Introduction

Chapter 2: Downloads

Lecture 1: Downloads

Chapter 3: Initial Information

Lecture 1: What Are Activity Statements?

Lecture 2: Rules and Obligations

Chapter 4: Setting Up

Lecture 1: Setting Up Xero

Lecture 2: Xero Settings

Chapter 5: Simpler BAS

Lecture 1: How Activity Statements Populate

Lecture 2: Starting The Simpler BAS

Lecture 3: Completing the Simpler BAS

Lecture 4: Checking the Simpler BAS

Lecture 5: Lodging the Simpler BAS

Lecture 6: Lodging the Simpler BAS – Part 2

Lecture 7: Simpler BAS Return Journal

Lecture 8: Paying for the Simpler BAS

Lecture 9: GST Reconciliation Report – Lesson 1

Chapter 6: Instalment Activity Statement (IAS)

Lecture 1: Starting the IAS

Lecture 2: Completing the IAS

Lecture 3: Checking the IAS

Lecture 4: Lodging the IAS

Lecture 5: IAS Return Journal

Lecture 6: Paying for the IAS

Chapter 7: Lodgement Schedule Review

Lecture 1: Lodgement Schedule Review

Chapter 8: Full BAS

Lecture 1: Full BAS vs Simpler BAS

Lecture 2: Advanced Tax Rates

Lecture 3: Export Sales

Lecture 4: Input Taxed Sales

Lecture 5: Capital Purchases

Lecture 6: Input Taxed Purchases

Lecture 7: Full BAS Summary

Chapter 9: Assigning GST Tax Rates

Lecture 1: Tax Rate Confusion

Lecture 2: Basic vs Advanced Tax Rates

Lecture 3: 0% GST Tax Rates

Lecture 4: Tax Rate Selection Process

Chapter 10: Mapping Withholding Tax Pay Items

Lecture 1: Mapping W1 and W2

Lecture 2: Items to Include and Exclude

Lecture 3: Allowances

Lecture 4: Deductions

Chapter 11: GST on Imports

Lecture 1: GST on Imports

Chapter 12: GST Corrections

Lecture 1: GST Corrections

Chapter 13: Other Taxes and Labels

Lecture 1: Introduction and BAS Set Up

Lecture 2: No ABN Withholding Tax

Lecture 3: Other Amounts Withheld

Lecture 4: PAYG Income Tax Instalments

Lecture 5: Fringe Benefits Tax Instalments

Lecture 6: Wine Equalisation Tax

Lecture 7: Luxury Car Tax

Lecture 8: Fuel Tax Credits

Lecture 9: Complete BAS Journal

Lecture 10: GST Reconciliation Report – Lesson 2

Chapter 14: Action Plan

Lecture 1: Action Plan

Instructors

Mark Cunningham
Your Teacher | Accountant | Bookkeeper | Entrepreneur

Rating Distribution

1 stars: 3 votes

2 stars: 1 votes

3 stars: 20 votes

4 stars: 71 votes

5 stars: 221 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!