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sk 9 - BAS Case Study - Cash Method nario: Your name is Alex Tran and you are a registered BAS Agent working for BAS
sk 9 - BAS Case Study - Cash Method nario: Your name is Alex Tran and you are a registered BAS Agent working for BAS Professionals P/L. August 15 2018 you took on your 45" new client for the year, Brett Stevens who operates a cake p called Savoy Cakes P/L. The shop's annual GST turnover is less than $10 million and therefore ows Simpler BAS. GST is accounted for on a cash basis and GST, PAYG income tax instalment and PAYG withheld are reported monthly. 5 Professionals P/L have policies that relate to how records are to be stored, and what to do when you a new client: OLICY & PROCEDURES | RECORDS MANAGEMENT AS Professionals P/L are committed to maintaining and accurate records management ystem for the easy retrieval of essential information. All financial records are to be kept in ccordance with the Australian Taxation Office regulations and Trust Accounting regulations. All staff are required to keep accurate and up-to-date records and to be aware of the mportance of security and confidentiality. LIENT NUMBERS manual register of clients' numbers will be kept as a cross reference. All new clients will ave a new client number recorded in the File Register Book located in the Reception area nd will be allocated a unique client number. he client number will commence with the year, the BAS Agent's initials, and the next llocated number available, for example 2017:BA1234. the client number is to be referred to on all correspondence relating to the client and used
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