🇦🇺Australia

BAS Lodgement Errors from Allocation

1 verified sources

Definition

Incorrect revenue allocation between perpetual and subscription triggers GST underpayments in BAS, attracting ATO failure-to-lodge fines.

Key Findings

  • Financial Impact: AUD 222 base penalty per BAS + AUD 22/day overdue; GIC at 11.5% pa on shortfalls
  • Frequency: Quarterly/monthly BAS cycles
  • Root Cause: Manual revenue categorisation without ATO-compliant automation

Why This Matters

The Pitch: Desktop computing firms waste AUD 5,500+ yearly on GST penalties from revenue allocation mistakes. Automated tagging prevents this.

Affected Stakeholders

Accounts Payable, Compliance Officer, BAS Preparer

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

GST Revenue Misallocation Penalties

AUD 222 administrative penalty per incorrect BAS + interest; up to AUD 1,100 for repeated failures; 2-5% revenue misallocation in audits

Tax Deduction Optimisation Failures

AUD 30% tax saving deferred (e.g., AUD 3,000 on AUD 10k subscription misallocated as perpetual)

Revenue Leakage from Invalid Discounts

2-5% revenue churn from delayed sales; typical AUD 10,000-50,000 annually for mid-sized vendors

Fraud from Unverified Discounts

AUD 500-2,000 per fraudulent discount; 5-10 cases/year

Time-to-Cash Drag in Verification

20-40 hours/month manual verification; 30-60 extra AR days

Compliance Risk from Discount Errors

AUD 2,220 minimum ATO penalty per BAS error; plus 200% shortfall interest

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