SECTIONSConfiguring Tax Codes
You must configure the tax codes required for the preparation of a business activity statement. For each tax code, you must select the relevant boxes in the BAS Gross Box, BAS Net Box, and BAS Tax Box fields. The boxes selected are used to report the gross, net, and tax value, respectively, of the transaction line items of type "Tax" associated with the tax code.
For each field, you must select the boxes accordingly. For more information about the setup, refer to the Australian Taxation Office website.
For more information, see:
Configuring Tax Codes with Datastream
You can easily configure your tax codes by importing the Tax Code BAS Boxes sample template with Datastream. To use this functionality, you must download the BAS Tax Codes Template (XLSX) Excel file and follow the steps in the User Guide tab of the file. You can download the template here.