close

PS Cashbook

How is the W1 figure calculated in my BAS?

Summary

How is the W1 figure calculated in my BAS report?

Detailed Description

The W1 is the total gross wages/salary payments from which you are usually required to withhold amounts.

For more information click on the following ATO link https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Instructions/PAYG-withholding---how-to-complete-your-activity-statement-labels/?page=3#W1Totalsalarywagesandotherpayments

 

To set accounts to be included in gross wages figure for the BAS return:

  • Click on Chart icon.
  • Edit a wages account:
  • Make sure the Wages Account check box is ticked.

For example:

 

 

  • Wages Account - this is used to indicate (expense type) accounts to be included in gross wages figure for BAS return.

 

Was this helpful?

Not helpful ( ) Very helpful