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Profit and loss, and your GST for the BAS

43 sec, filmed in the app on our demo plumbing business

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How to read your Profit and Loss and your GST / BAS report in OneBookPlus. Pick a financial year to see your income, your expenses and your net profit, and the monthly breakdown sets each month side by side.

The GST / BAS report shows the GST on your sales, the GST you can claim back on purchases, and the net amount owing, on your business's GST basis. Each quarter is laid out the way the BAS asks for it: total sales, GST on sales, purchases and GST on purchases.

In this video

  1. 0:04

    Profit and Loss

    In Accounting, open Profit and Loss, and pick the financial year. You'll see your income, your expenses and your net profit.

  2. 0:13

    Month by month

    The monthly breakdown sets each month's income and spending side by side.

  3. 0:19

    GST and BAS

    For GST, open GST and BAS. It shows the GST on your sales, the GST you can claim back on purchases, and the difference you owe.

  4. 0:30

    Each quarter

    Each quarter is set out the way your BAS asks for it: total sales, GST on sales, purchases, and GST on purchases.

Common questions

Does the GST report match the way the BAS is laid out?

Yes. Each quarter is set out the way your BAS asks for it: total sales, GST on sales, purchases and GST on purchases.

Can I see income and spending month by month?

Yes. The monthly breakdown sets each month's income and spending side by side.

How do I know what GST I owe?

Open GST and BAS. It shows the GST on your sales, the GST you can claim back on purchases, and the difference you owe, on your business's GST basis.

Read more

Read the transcript

Let's see how the business is going, and how much GST you owe.

In Accounting, open Profit and Loss, and pick the financial year. You'll see your income, your expenses and your net profit.

The monthly breakdown sets each month's income and spending side by side.

For GST, open GST and BAS. It shows the GST on your sales, the GST you can claim back on purchases, and the difference you owe.

Each quarter is set out the way your BAS asks for it: total sales, GST on sales, purchases, and GST on purchases.

Start free today at onebookplus.com.au.