FNSBKG404A - Carry out business activity and instalment activity statement tasks.
This unit applies to individuals who are responsible for providing business activity statement (BAS) services and related bookkeeping tasks across all industries and who are working directly for organisations or are small business owners, contractors or service providers.
 
Identify individual compliance and other requirements
• legislative and regulatory requirements and organisational and industry requirements relating to Activity Statements are researched, documented and expert advice is sought to clarify issues where applicable.
• Requirements for information, advice or services outside the individual’s scope of operation are identified and additional information, advice or services are accessed and networks are established and used where necessary
• Lodgements schedule requirements are identifi ed and documented
• Entity’s cashflow and payment options are assessed and discussed with management to ensure sufficient funds
 
Recognise and apply GST implications and code transations
• GST principles are identifi ed, applied and implications recorded
• Purchases and/or payments are identifi ed, coded as per GST classifications and split into capital and non-capital as appropriate
• Sales and/or receipts are identifi ed and coded as per GST classifications
• Accounting data is processed to comply with tax reporting requirements
Report on payroll activities
• Total salaries, wages and other payments for the accounting period are identified and reconciled
• Amounts withheld from salaries, wages and other payments for the accounting period are identifi ed and reconciled in conjunction with payroll department if applicable
• Report on other amounts withheld, PAYG instalments and taxes


FNSBKG405A - Establish and maintain a payroll system.
This unit applies to job roles responsible for providing contract payroll services across all industries or working directly for organisations and small business owners.
Record payroll data
• Payroll system is checked and set up if necessary to ensure that employee data is included
• Employee pay period details, deductions and allowances are entered in payroll system in accordance with source data
• Payment due to individual employees is calculated to refl ect standard pay and variations in accordance with employee source data
Prepare payroll
• Payroll is prepared within designated timelines in accordance with organisational policies and procedures
• Employee entitlements are calculated, recorded and reconciled in accordance with legislative requirements
• Arrangements for payment are made in accordance with organisational and individual requirements
• Authorisation of payroll and individual pay advice is obtained in accordance with organisational requirements
• Payroll records are produced, checked and stored in accordance with organisational policy and security procedures
Handle payroll enquiries
• Payroll enquiries are responded to in accordance with organisational and legislative requirements
• Enquiries outside area of responsibility or knowledge are referred to designated persons for resolution
• Additional information or follow-up action is completed within designated timelines in accordance with organisational policies and procedures
Maintain payroll
• All information and record keeping relating to the payroll function is maintained in accordance with relevant legislation and regulations
• Records and systems are updated in line with salary reviews and other changes in employment status
• Back-up and disaster recovery systems are put in place
• Reports are generated and distributed in line with organisational policy
• Business Activity Statement data is extracted and applied in accordance with relevant legislation and regulations