Tax invoices,
and PayID recorded.

Once your turnover reaches A$75,000 in a 12-month period, you must register for GST and issue tax invoices. Getting GST right on every invoice from the start saves corrections later, and makes your BAS much quicker to prepare.

In Settings, on your business profile, add your ABN and turn on:

• I am registered for GST. Invoices are titled Tax Invoice and GST is added at 10%.
• My prices already include GST. Turn this on if your listed prices are what families pay. GST is then shown as one eleventh of the total, instead of being added on top.

Draft invoices update if you change these settings. Invoices that have already been issued keep the GST they were sent with.

Many Australian families prefer PayID because it is instant and free. Recording it properly means the invoice shows as paid, the balance is correct, and your reports separate PayID from card and bank transfer.

• Add your PayID to Payment instructions in your invoice settings, so it prints on every invoice.
• When a family pays, open the invoice, click Record payment, choose PayID as the method, and enter the amount.
• The invoice balance updates, and Reports list that payment as PayID.

Reports now shows GST collected for the selected period. Use it as your starting figure for your BAS, or send it to your bookkeeper, without adding up the GST on each invoice yourself.