The reconciliation of Business Activity Statements (BAS) is now available through BGL SmartDocs. This integrated AI feature allows you to compare transactions recorded in entities to upload the BAS while allowing you to make adjustments.   

BGL SmartDocs will analyse the uploaded BAS model extracting data including the following. 

• Client name
• Period start date
• Period end date
• GST owed to ATO
• GST owed by ATO
• Total Sales
• PAYG owed to ATO
• PAYG owed by ATO
• Total amount owed to ATO
• Total amount owed by ATO
• Net amount owed/refunded by ATO
• Payment due date

This will then be organised into a table comparing the statement to transactions already posted.

Instructions

To begin, upload a BAS using one of the methods in SmartDoc Documents 

1. Once the AI has identified and processed the document, click on the BAS

Note: Categorising and Sorting via BGL SmartDocs

When opening any document that has been analysed by BGL SmartDocs, the options to add a Financial Year and Tags are available. Additionally, clicking Add Folders will also allow you to categorise this document by selecting an appropriate document type or account.

Any details saved with these options will be conveniently carried over to the Workpapers screen.

2. Ensure the correct Client Name, Period start Date, and Period end date are selected correctly.

3. SmartDocs will extract the data from the BAS and fill a table detailing the taxable information. If required, change these accounts to the correct amount.

4. If the AI has high confidence that a transaction matches in the entity, the AI will automatically attach a BAS to the Transaction.  

If the AI does not have high confidence it will suggest a transaction for the BAS to attach.