Data sheet

The ASG Oracle Applications GST Toolkit was developed in response to the implementation of the Goods and Services Tax in Australia in 2001. The introduction of GST in Australia has meant a significant change for most organisations, particularly for their financial systems.

The Toolkit contains a suite of reports and minor system modifications that enable you to produce a Business Activity Statement directly from Oracle’s General Ledger. The reports analyse the tax data captured in the sub-ledgers and convert this data into a BAS report. The Toolkit includes reconciliation reports that verify the information, thereby providing a high level of assurance in your BAS return.

The ASG Oracle Applications GST Toolkit can be implemented in existing Oracle environments without major set-up or chart of accounts changes.

Key Features

• Available for Release 10.7 Char/SC/NCA, Release 11 and Release 11i users of Oracle Financials (GL, AR, AP, CM, FA), Purchasing, Order Entry, Inventory and Projects;
• The Toolkit focuses on the standard Oracle Applications. Site-specific customisations and modifications can be incorporated into your final solution;
• Documentation outlining implementation issues to guide you through the complex decision making process required to properly configure your Oracle Applications for GST and BAS reporting;
• A business and systems analysis checklist and questionnaire to establish the scope of your Oracle Applications GST requirements;
• A project plan and implementation methodology, together with standard test plans to provide the basis for acceptance testing;
• Pre-developed custom programs to enable you to automate the population and update of historical information dependant upon your set-up of the tax engine;
• Pre-configured Tax Invoice, Statement, Purchase Order, Recipient Created Tax Invoice, Separate Remittance Advice and Cheque and EFT Payment programs. These are all compliant with the requirements of the Goods and Services Tax legislation;
• A number of minor modifications, such as an ABN check digit routine;
• Accrual and Cash based Business Activity Statement (BAS) reports and the ability to set GST and BAS options for multiple organisations;
• Pre-developed custom and modified reports to assist with your GST reporting and reconciliation requirements. An Excel reconciliation template to facilitate the reconciliation process; and
• Training materials and delivery on completing a BAS return using the Toolkit.

Business Benefits

• A quick and easy way to implement GST in Oracle Applications;
• Helps your data entry staff and system administrators process and validate Tax transactions;
• Significantly reduces the time and effort required to prepare your BAS;
• Fully compliant with the most stringent requirements of the Goods and Services Tax legislation, and therefore you can have confidence in the information you provide to the ATO; and
• The Toolkit is modular and allowing you to implement only those aspects that are relevant for your business;
• Significant cost savings to your organisation.

The ASG GST Toolkit will continue to be updated for new Oracle versions and for changes in legislative requirements. The GST Toolkit is a modular solution that allows you to implement parts or all of the toolkit components. The GST Toolkit can be implemented at any time.