BAS checklist for Australian sole traders
A practical BAS preparation checklist for Australian sole traders, covering sales, expenses, GST records and receipt organisation.
BAS preparation is easier when the records are already structured. For sole traders, that usually means keeping sales invoices, expense receipts, GST details and payment status tidy through the period instead of rebuilding everything later.
BAS preparation checklist
- Review issued invoices for the BAS period.
- Check which invoices are paid, unpaid or overdue.
- Confirm GST collected on taxable sales.
- Record business expenses with supplier, date, amount, category and GST details.
- Attach receipts or supplier invoices where possible.
- Keep tax invoices for purchases over $82.50 including GST when claiming GST credits.
- Export income, expense and GST summaries for review or accountant handoff.
Sales and invoice records
Your sales records should make it clear what was invoiced during the period and how GST was handled. Payment status also helps you understand cash flow, even though the GST reporting basis for your business depends on your own setup and professional advice.
Expense and GST credit records
The ATO says you must have a tax invoice to claim a GST credit for purchases that cost more than A$82.50 including GST. Keeping those records attached to expense entries can save time when you or your accountant review the period.
Keep BAS-ready records through the year
InvoiceMate helps you turn invoices, expenses and receipts into cleaner summaries for BAS preparation and accountant handoff.
View BAS-ready reportsSources
This article is general information only and is not tax advice.