1. Select the correct quarter
Australian financial-year quarters are Jul-Sep, Oct-Dec, Jan-Mar and Apr-Jun.
2. Gather income
Collect invoices, sales reports and platform statements. Separate taxable, GST-free and export sales where relevant.
3. Review purchases
Classify capital purchases at G10 and ordinary business purchases at G11. Confirm GST eligibility and business-use percentages.
4. Reconcile and review
Compare the estimate with bank records and accounting reports. Ask a registered professional to review uncertain or material items before lodgment.
Important: This guide provides general educational information only. Check current ATO guidance and obtain professional advice for your circumstances.