How Reckon Bookkeeping Supports BAS and GST Reporting in Australia

Written by Sofia tanka  »  Updated on: July 17th, 2025 29 views

How Reckon Bookkeeping Supports BAS and GST Reporting in Australia

Any Australian-registered firm must maintain compliance with BAS and GST reporting. However, this process is time-consuming and perplexing for many business owners. Reckon Bookkeeping can assist with that. It's a robust and intuitive program made to make bookkeeping easier while guaranteeing that you abide by Australian tax regulations.

In this blog, we'll go over how Reckon, particularly for single traders and small business owners, makes BAS and GST filing simpler, more accurate, and less stressful.

What Is Reckon Bookkeeping?

Reckon is an Australian-developed accounting and bookkeeping software that helps businesses manage their finances more efficiently. It offers tools for invoicing, expense tracking, payroll, GST, and BAS reporting. Available in both desktop and cloud versions, Reckon is ideal for businesses that want to stay in control of their accounts without hiring a full-time bookkeeper.

Understanding BAS and GST

Before diving into how Reckon helps, it’s important to understand these two key terms:

  • GST (Goods and Services Tax) is a 10% tax charged on most goods and services sold in Australia.
  • BAS (Business Activity Statement) is a report that businesses must lodge with the ATO to report GST, PAYG withholding, PAYG instalments, and other tax obligations.

Businesses registered for GST must complete and lodge a BAS either monthly, quarterly, or annually, depending on their reporting cycle.

How Reckon Simplifies BAS and GST Reporting

Reckon has many built-in features that help businesses manage their GST obligations and generate accurate BAS reports. Here's how:

1. Automatic GST Calculations

Reckon automatically calculates GST on sales and purchases when you issue invoices or enter expenses. This reduces the risk of manual errors and ensures that your GST figures are always up to date. Whether you’re billing a customer or recording a supplier invoice, Reckon tracks the GST component in real time.

2. BAS-Ready Reporting

Reckon's BAS reporting tool is one of its greatest benefits. It creates a summary report with the same format as the ATO's BAS form. Reviewing the amount of GST you have collected and paid, together with any outstanding PAYG installments, is simple. These reports save time throughout the lodgement process and are straightforward to understand.

3. Electronic Lodgement and ATO Compliance

Reckon's records and reports adhere to the criteria set by the Australian Taxation Office, making it ATO-compliant. Reckon GovConnect (for cloud users) allows you to submit your BAS straight from the program. This streamlines the lodgement procedure and eliminates the need to enter into the ATO portal separately.

4. Flexible Tax Code Settings

Different types of sales and purchases require different GST codes. Reckon allows you to set up and assign the right tax codes for all your transactions. Whether it's a GST-free sale, an input-taxed purchase, or capital acquisition, Reckon tracks and sorts each transaction accurately. This ensures that your BAS reflects the correct information for every reporting period.

5. Real-Time GST Overview

With Reckon, you get a clear snapshot of your current GST position. The dashboard shows how much GST you owe or are owed at any given time. This is especially useful for planning and budgeting, as you can set aside the right amount of money before your BAS is due.

6. Error Detection and Review

Reckon includes tools to help spot common errors before submitting your BAS. It will alert you if a transaction has no GST code, if entries are duplicated, or if something doesn’t add up. This helps reduce the risk of fines or penalties from the ATO due to incorrect reporting.

7. Easy Reconciliation

When you link your bank account to Reckon, your transactions are automatically imported and matched with existing records. This helps you reconcile your bank statements and ensures that your GST reporting is based on accurate, real-time data.

8. Data Sharing with Your Accountant or BAS Agent

If you work with an accountant, Bookkeepers Perth, or a BAS agent, Reckon makes it easy to export and share your reports. You can generate transaction logs, BAS summaries, and journal entries, making collaboration simple and fast. This means your accountant or bookkeeper can lodge your BAS without needing to sift through paperwork or spreadsheets.

Is Reckon Right for Your Business?

Reckon Bookkeeping is a good choice for:

  • Small businesses need affordable, easy-to-use accounting software
  • Sole traders who want to manage GST without hiring a bookkeeper
  • Accountants and BAS agents looking for efficient reporting tools
  • Businesses that want ATO-compliant features and direct BAS lodgement

Its features are designed to simplify tax reporting and reduce the stress that often comes with financial admin.

Final Thoughts

Managing BAS and GST is not complicated. With Reckon Bookkeeping Perth, Australian businesses can manage their tax responsibilities with confidence. The software’s automatic GST tracking, accurate BAS reports, and ATO compliance features make it a trusted solution for any business owner who wants to stay organised and tax-ready. 

Read also: The Contribution of Tax Advisors to Perth Startup Growth



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