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rusty192's avatar
rusty192
Trusted Cover User
6 years ago

PAYG balance sheet not matching BASlink figure

PAYG balance sheet figure is $1 greater than the BASlink PAYG figure?
AliK607's avatar
AliK607
MYOB Staff
6 years ago

Hello rusty192 ,

 

In line with the ATO's instructions, each of the fields on the Baslink form are to be rounded down to the nearest dollar. (hence affecting your Total PAYG figure, when each of the separate PAYG fields are rounded down the nearest dollar)


Please see:
https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Instructions/PAYG-withholding---how-to-complete-your-activity-statement-labels/?page=2

for

  • "show whole dollars only (round cents down to the nearest whole dollar)"

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