General Ledger Setup Checklist (Part 4 - Budgets, BAS, Reporting Codes and Cash Flow Statement)

1

Load Budgets.

Finance > General Ledger > Account & Journal Info > Budget Upload .

Refer to TASS knowledge base for preparing load file for your budgets.

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2

Set up BAS Parameters and Tax Code mappings.

Finance > General Ledger > BAS Processing > BAS Parameters .

This involves mapping the tax codes that were set up in GL Setup Checklist (Part 1 – Initial Setup) Step 8 to G* labels on the BAS form.

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3

Allocate Reporting Codes to your GL Accounts.

Finance > General Ledger > Account & Journal info > Accounts Grid Entry .

Select the 'Reporting Codes Grid' option.

Refer to the following guides:

How to Set up Reporting Code 2 to Use for Separation on the Balance Sheet.

How to Set Up Reporting Code 3 Used for Grouping/Consolidating in the Income Statement.

This involves mapping the reporting codes that were set up in GL Setup Checklist (Part 1 – Initial Setup) Step 5 to your GL Accounts.

It is recommended that at least Reporting Codes 2 and 3 are mapped initially.

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4

Setup for Cash Flow Statement.

Finance > General Ledger > Listing & reports > Cash Flow Statement.

Refer to the following guides:

How to Set Up a Cash Flow Statement.

This involves using Reporting Codes 7, 8 and 9 to set up your cash flow statement.

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