• Itemised account - by income tax year

    Information for using the Itemised account – by income tax year screen in the Tax Agent and BAS Agent portals.

    This screen will display transactions relating to an income tax year. The income tax year is the period to which an income tax return relates. An income tax year is 1 July to 30 June, unless a substituted accounting period (SAP) has been approved.

    The account payout amount and the estimated general interest charge (GIC) are not available from this screen.

    Transaction list

    Lists all transactions relevant to a particular income tax year. The default setting is the current income tax year.

    To change the income year:

    • select a year from the Transactions relevant to the YYYY income tax year drop-down menu
    • select Go.

    These transactions are considered relevant to an income tax year:

    • when they relate to a specific period within the income tax year – for example, a GST liability for the period 1 April 2011 to 30 June 2011, lodged in July 2011, will appear in the 2011 income tax year list even though the due date for payment is in the 2012 year, or
    • where there is no period information, transactions relate to the income year in which the effective date falls – for example, a payment made in July 2011 for an activity statement relating to the period 1 April 2011 to 30 June 2011 will appear in the 2012 year list (the income year in which the transaction occurs). Payments are not applied to specific activity statements or tax obligations – they are applied to the balance of the account on the date received.

    Screen fields

    Process date 

    The date the transaction was processed by us.

    Effective date 

    This is the date the transaction affected the account. For debit amounts, it will reflect the due date allowing for weekends and public holidays. For payment and credit transactions, it is the date the payment or credit was received or notified. The date is used for calculating the GIC where applicable.

        

    You can sort the transactions into either process date or effective date order by selecting the column heading.

    Transaction description 

    Describes each transaction type.

    Depending on how the transactions are sorted (process date or effective date) the description displayed may change – for example, activity statement obligations will appear grouped under a heading when sorted by processed date, and will appear separately when sorted by effective date.

    Debit amount 

    The amount of a debit transaction. A debit amount is an amount you owe us.

    Credit amount 

    The amount of a credit transaction. A credit amount is an amount we owe you.

    Balance 

    The account balance after each transaction. A credit balance will include the suffix ‘CR’.

    Screen buttons

    Select

    More display options 

    To go to the Options for showing account information screen.

    Account list 

    To go to the Account list screen.

    Refund request 

    To go to the Refund request screen. This option is only available for users with appropriate access.

    Transfer request (Tax Agent Portal only)

    To take you to the Transfer request screen. This option is only available for users with appropriate access.

    Account queries

    If you need more information about an account, send us a message via portal Mail.

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We are committed to providing you with advice and guidance you can rely on, so we make every effort to ensure that what we give you is correct.

If you follow our advice or guidance and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the advice and guidance on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our advice and guidance does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.

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