B – glossary definitions

B glossary

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The Business Activity Statement (BAS) is a tax reporting requirement for businesses issued by the ATO on either a monthly or quarterly basis. It is used for reporting and paying goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other tax obligations. The department prepares and submits BAS as one entity for schools operating within the Schools Finance system.

Base School Allocation

Summary of a school’s Funding Entitlement covering salaries, initiatives and school operational funding such as utilities, urgent minor maintenance and special factors

Best practice

Superior methods leading to measurable exceptional performance regardless of industry, leadership, management, or operational approaches. This is a relative term that usually indicates the preferred methodology to be used.


Billing is a process which includes creating a customer invoice or a credit memo and issuing the invoice. Customer invoices and credit memos are known as billing documents.

Bottom up budgeting

An approach to budget and planning management in which the principal delegates the budgeting responsibility, giving the individual cost centre an opportunity to participate in setting their own budget.


BPAY is an electronic bill payment service offered by Australia's leading banks, building societies and credit unions.


BSB is the abbreviation for Bank, State and Branch. It is the six digit code used to identify banks registered with Australian Payments Clearing Association (APCA).


A budget is the financial plan of the school’s operations and a tool to control the allocation and management of resources.

Budget allocation

Distribution of the school’s budget to its various cost centres, general ledger, fund codes and programs.

Budget phasing

Budget phasing represents the pattern of expenditure or income over the budget period (for example, over the twelve months of an annual budget). Also known as budget spread.

Budget planning and  consolidation (BPC)

Consists of the Schools budget solution (SBS) and the Schools forecast solution (SFS). Here budgets are entered and forecasts are adjusted.

Budget spread

Budget spread represents the pattern of expenditure or income over the budget period (for example, over the twelve months of an annual budget). Also known as budget phasing.

Budget transfer

Moving budgeted funds from one program to another program or from one account to another account.

Budget variance

Difference between a budget projection and an actual result. Budget variances can be expressed in absolute or percentage terms.

Business day

A business day is the hours of coverage that the department requires the specified services (unless otherwise specified). Unless otherwise specified business days exclude public holidays, and weekends.

Requirements or performance measures often refer to a time frame involving a number of business days. A business day will be considered to have elapsed at the time of the initiating event on the subsequent day. For example if an event occurs at 10am on Friday one business day will have elapsed at 10am on the next Monday (if Monday is not a public holiday).

Business intelligence (BI)

SAP module functionality that facilitates data analysis, reporting and modelling.  Business intelligence is the capability of an organisation to easily and accurately report key cost and service delivery information, and use this intelligence to plan for the future and adapt the organisation to meet current and emerging needs. Business Intelligence capabilities are usually deployed using tools such as data warehouses, datamarts, dashboards and reporting and analysis tools.

Business manager

A person employed to support the efficient management of a school’s business functions including administration, work health and safety, asset management and finance.

Business partner

See Customer. Business partner (BP) is the term used by schools, Business Services and corporate staff for customers.

Business partner maintenance

Maintain a business partner master data details eg address details, bank account details.


Business information warehouse / Business intelligence. SAP's data warehouse and reporting interface. SAP BW provides data warehousing functions, a business intelligence platform, and a suite of business intelligence tools.

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