Simpler BAS for Non Profits

The ATO has simplified the way Business Activity Statements need to be completed for Non Profit organisations.

Simpler BAS is now the GST reporting method for all not-for-profit organisations with a GST turnover of less than $10 million. This means that you only need to report your:

  • total sales
  • GST on sales
  • GST on purchases.

This does not impact not-for-profit organisations with a turnover of less than $150,000 that are not registered for GST.

Here is a link to the comprehensive guide to accounting for the simpler BAS.

https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Simpler-BAS-GST-bookkeeping-guide/