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Vijay89(Initiate)Initiate
6 Apr 2021

Hi, my business dealings are with companies in UK. I purchase and sell goods in Pounds.

1. How to report foreign currency sales and purchase in BAS? Do I need to convert the dealings to AUD while reporting?

2.Invoice date and the transaction date (money received) are different. Which date should I consider when reporting quarterly BAS? I assume it will be transaction date.

Thanks for the help.

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801 views
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_JimmyATO(Community Support)Community Support
7 Apr 2021

Hi @Zamvi

I've answered you question over on this thread.

Hope it was helpful.

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How to report Foreign currency in BAS? | ATO Community