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Questions & Answers
Q: For some reason i can't change the financial year button from 2017 to 2016.
A: You should be able to change the date. At the top left where it says "Financial year from" click the Month button to select a month ie Jul and then click the Year button the change the year ie 2016. Q: I need to make entries for 3 different entities, can I just create 3 different books completely? A: Yes. You can run separate accounts easily using sub domains ie add a sub domain like mybiz. in front of your BAS-I.C Account Code url so it becomes something like http: //mybiz.bas-i.com.au?c=........ . See bas-i.com.au for full details.
Q: Is it possible to change a free account to a paid account and then back up info? I have signed up with a different email account by mistake.
A: Yes, if you use the same pc and browser your data should be automatically saved and will be available to your new account.
Q: Am I reading this correctly BAS is only completed quarterly? We currently do ours on a monthly basis.
A: For most small business < $20 million turnover yes...according to the ATO "If you have a GST turnover of $20 million or more, you must report and pay GST monthly .... Other businesses may choose to report GST monthly." See www.ato.gov.au or-annual-GST-return/Options-for-reporting-and-paying-GST/ Monthly-GST-reporting/
Topic: Business Valuation Model Excel
Q: I downloaded a current version of the excel business valuation model however even with inputting my email and registration code the download is not allowing me to use the software.
A: Attached is a zip file with version 60 files to match your registration. Save to your pc and open the excel file. This is also available at bizpep.com . We have recently released a new version which uses a different license process (this is the current version). Can you tell me what link you used to make your purchase and I will investigate the purchase/version issue?
Q: I recently had an issue with PayPal and the backup payment option. I've noticed that our BAS-I.C account was cancelled because of this. If we were to resign would I lose all my previously saved data?
A: If you access BAS-I.C on the same computer and browser your data should still be there.