Best Of

I may have already posted this but I couldn’t find it. Did you change the setup of your salary sacrifice item since you started using it? If you did, go back to those first pays and edit them, change something , save and the edit and go back and change it back.

The new reporting requirements introduced under STP Phase 2 weren't part of the old Payment Summary (or EMPDUPE) lodgement process, therefore, if you view the Payment Summary for a financial year that contains one or more STP Phase 2 lodgements, you will find the amounts don't match.

When STP1 first rolled out back in 2018 and more recently the expansion into Phase 2 as well, payment summaries have been outdated for a while now and replaced by Income Statements in an individual's MyGov account. Income statements can be printed directly from the respective MyGov account by the employee if a paper copy is required.

As for why the functionality is still in the software, that's a fair question and I don't have the answer for that but I'll speak with the product team about it.

Hi Liza

STP replaced the old PAYG Payment Summaries - These forms only have minimal labels so are unable to report all of the new STP2 categories. Therefore, they will usually not display the correct amounts.

Hopefully, you've been checking your submission figures each time. I use a customised Payroll Summary for my regular submissions & also another version for finalising. You'll find my instructions on how to create the per-submission one in this thread here:

The finalise version is just a further modification of this Payroll Summary - set with Display columns by Employee (rather than by pay frequency eg Week, Two Weeks etc)

Check the overall FY total & PAYGW on this finalise version against the totals for these in your RAH Process Single Touch Payroll window (NOTE: You need to select Finalise Year, NOT the usual Pay Event option in the dropdown!)

Upload your finalise STP submission - ensuring you select the SECOND Report Type option in Reckon's portal:

Once the submission is uploaded, it's in Draft status (& therefore can be deleted if needed) , click on the Detail link at the end of the submission line to display each employee's total pay breakdown. Check these amounts against each employee's totals on your modified Finalise Year report in RAH.

Once you're happy that everything matches, you can Submit this draft.

Your setup for Unused AL looks fine apart from the leave accrual - it doesn't continue to accrue on payout as the worker is no longer "employed".

A "Genuine Redundancy" has specific conditions which determine how it's configured, reported & taxed. It can be complex & can also vary considerably between employers so this is something I would recommend 1-on-1 assistance with. In summary though, it definitely needs to be reported under a separate Payroll Item as it will either be an ETP or a Lump Sum D. Unused AL paid out as part of a genuine redundancy is also categorised differently & reported as Lump Sum A.

Thanks Shaz.

I am finalising the books to hand over to the accountant.

The business is winding down and I have almost retired.

I appreciate the help you have given me and others over the years. You certainly know your stuff.

Jenny😀

@Jenny Byrne

Your balance sheet is correct … A balance sheet shows the liability (eg what is owed) Once it’s “ paid” eg on a Paycheque, it’s an expense (on the P&L)