In Desktop version 26.5.20.3630**,** the new layout for BAS reporting is excellent. However, under Australian taxation reporting, the Quarters shown in the drop-down box are incorrectly labelled. They should show Q1 (Jul - Sep); Q2 (Oct - Dec); Q3 (Jan - Mar); Q4 (Apr - Jun). This oversight forces the user to use ‘Custom range’ which defeats the purpose of having ‘Quarter’ as an option.
What us BAS?
A Business Activity Statement (BAS) is a taxation obligation in Australia whereby 10% GST collected on invoices less GST claimed on business purchases/expenses is remitted quarterly to the Australian Taxation office. Tne manager.io report ‘Business Activity Statement’ (BAS) shown under ‘Custom Buttons’ is used for this purpose.