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Lodging a BAS with Xero

Rhys Roberts - Friday, October 01, 2010

One of the absolute joys of cloud accounting is having data that is always up to date.  This morning I logged into Xero a little after 9 o'clock, and by 9.10 I had finalised the bank rec to September 30th for one of my clients.

By 9.20 I had printed off and carefull reviewed the BAS reports (but there wasn’t much to check and nothing to change as we work with the client to ensure the transactions are recorded accurately when they are first entered).  By 9.30 I had emailed the report to the client prior to lodging it on line (which I will do shortly).

So here I am at 9.35 on the 1st of October, with the client’s September quarter BAS finalised, leaving me free to do something more interesting:  I am now going to run a range of management reports and forward those to the clients, along with some commentary on their business (just as soon as I finish writing this blog!)

Lodging the BAS – even when it’s done really promptly – doesn’t add value to the client’s business, but providing them accurate, timely information on which they can act to improve the performance of their business does.  This is why I became an accountant – not to “do compliance” but to help people improve their business. 

Having said that, lodging your BAS is still one of those tasks that has to be done. If yours is taking too long to complete or feels more complex than you'd like, please contact us. We'd be happy to help you set up Xero to make it all run smoothly next time you go through the process, and can also manage your bookkeeping and BAS lodgements for you, if you prefer. 

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