Questions & Answers

Q: I noticed that the current valuation model appears to be based solely on a single year of operating performance. From what I understand, standard business valuation practices typically consider at least three years of historical operating results to ensure a more reliable and comprehensive assessment. Does your program include a model that incorporates multiple years of data?

A: Regarding the operating performance the model uses inputs for 1 year (current) and then forecasts a further 3 years of operating performance utilizing the current year data and the Relative Indicators provided on the Input tab. A relative indicator is used to reflect changes in the factors that influence future business performance and hence its value. Current year data should reflect a base operation state. Changes from this (internal and external) are captured by the Relative Indicators and applied in the business forecast and valuation.

Question and Answer Item 2058543 - Browse All Question and Answer Items

Q: How can I update my bas-i.c account?

A: Simply use the link in your last Account Code email to open bas-i.c ( https://bas-i.com.au ). You can also have your Account Code resent from https://bas-i.com.au/resend.html . When you use the Account Code link bas-i.c will use the email account details provided. However as all data is saved locally on the system / browser used data can only be accessed from the system / browser it was saved on.

Question and Answer Item 2058541 - Browse All Question and Answer Items

Q: Is https use for bas-i.c accounting required?

A: https secure protocol is now default for bas-i.c accounting. Please use https://bas-i.com.au for all accounts.

Question and Answer Item 2058540 - Browse All Question and Answer Items

Q: I would like to submit my BAS form online for 2022. Kindly send me the link as I have failed to complete the BAS with the assumption that I don't have any business activity.

A: The Australian Tax Office manages GST and BAS. You should contact them, for details see their gst page at https://www.ato.gov.au/Business/GST/ .

Question and Answer Item 2058536 - Browse All Question and Answer Items

Q: Thanks for your earlier response. As yet I've been unable to back-up my data -software wont let me. Can I just confirm that to successfully do this I need to pay the years subscription and that will then allow a back-up of my current HTTP data. Once this is done I will then be able to import the data into the new HTTPS version of the software and I'll be up and running again? The software is great and easy to use, I don't have a problem paying - I just want to make sure that will fix the problem

A: Yes, Backup and Restore functions are only available when subscribed to BAS-I.C Plus. Purchase a subscription and access BAS-I.C using the paid subscription link emailed after you subscribe. This link can be used with either https:// or http:// (just add or remove the "s" in the url) to access local data, backup from http and restore from https. Let me know if I can help further.

Question and Answer Item 2058531 - Browse All Question and Answer Items

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