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HR & Payroll Add-on for Australian Businesses

Microsoft Dynamics 365 Australian GST & BAS IMPLEMENTATION

Microsoft Dynamics 365 Australian GST and BAS Implementation

Running a business needs a lot of planning. This includes ensuring you have accounted for taxation. You need to check if your business is registered for the GST or not and account for any other relevant information regarding business GST. Our bundled service will include anything you require to prepare your Australian Business Activity Statement and Australian GST setup in Microsoft Dynamics 365 Finance.

How does GST work in Australia?

It can be tricky to understand if your business needs to be registered for GST or not. This is a common question, especially for small businesses. They need a clear path to understand their current state regarding GST.
So, before you jump to any conclusions, you need to ask:

Does my business need to register for GST?

If the annual turnover is $75,000 or more, your business will need to apply for GST. If it is less than that, you will have the option of registering or not.

If you meet a threshold of $75,000 or seem likely to surpass this threshold, you must apply for GST. You must file within 21 days of reaching the turnover threshold.

Taxi drivers and drivers may register and charge GST regardless of their sales. In comparison, non-profit organizations will make $150,000 in turnover before registration.
The Australian Company Registry (ABR) website allows you to register online for GST (and even to apply for ABN)

What is the GST turnover?

Your overall goods and services tax GST turnover (not your profit) is your entire business income:

What is the Business Activity Statement (BAS)?

A business activity statement is a form that licensed businesses to send to the Tax Office to share reports of their tax liabilities, including GST, withholding payments, paying payments when you collect payment fees, fringe benefits tax, wine equalization tax, and luxury tax. As a company owner, before you are about to set up withholding tax and other GST, you need to know your position.

Why DHRP?

DHRP consultants are your source for implementing Australian GST in Microsoft dynamics 365 finance. We have certified expertise to help you with the GST reporting codes.

OUTCOMES

  • Recognize the Australian localization and how it satisfies the Australian requirements of GST and BAS.
  • Complete setup in a test environment for GST and BAS processes.
  • Allow the workers to complete the setup for additional legal persons, conduct final testing, and use the production setting setup.

DELIVERY SCOPE:

  • Teaching and advising.
  • One legal entity configuration.
  • Assist in writing the first statement of operations.

PREREQUISITES

  • Recommendations are prerequisites and are strongly recommended to ensure a good learning experience though not necessary.

    • It is useful to know and to understand fundamental accounting and financial processes.
    • Financial and supply chain management access to a Dynamics 365 or test was setting AX 2012.

DELIVERY METHOD

  • Remote provision of meetings.
  • If you need on-site appointments, please contact us.

Price

  • The price is based on resources supplied remotely 7-10kAUD$

If you prefer delivery on-site, please contact us.

Consultation

Consultation

  • To prepare the implementation, DHRP will collaborate with you to consider your business needs and the project's status.

Training

  • We can:

    • Offer the GST and BAS description
    • Clarify the GST setup needed
    • Show how Australian BAS is produced
    • Demonstrate how the BAS can be resolved and reconciled

Configuration

  • DHRP will configure your test and product environments.

Assistance

  • DHRP will support you in planning the first BAS during your user acceptance exam.

Get in Touch with us Today !
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