Best Of
Re: Gross Payments not correct on PAYG Payment Summaries for 2024
Depending on how your "Holiday Pay" Payroll Item is configured, you may actually be able to just merge it into your "Holiday Hourly" one. To try this, double click on Holiday Pay in your Payroll Item List & change the name of it to the EXACT same as the one you want (eg "Holiday Hourly") It will either accept & merge it, or tell you it can't be merged.
If it can't be merged - & your "Holiday Pay" Payroll Item is still impacting the leave balances correctly (eg reducing the leave balance when taken) - you just need to update the Tax Tracking Type mapping selection for it to Leave - Other Paid Leave (U), here (Double-click on it in your Payroll Item List & click Next through the windows to this one. Continue clicking Next after updating this selection & click Finish on the last window to save):
Tio avoid future confusion, decide which one you want to use & make the other one Inactive (by right-clicking on it in your Payroll Item List & selecting Make Payroll Item Inactive from the popup menu) 😊
Acctd4
Re: 2023/24 Payment Summaries don't reconcile
Hi all,
Adding a little more context after speaking with some colleagues, the old payment summaries functionality remained in the software after STP Phase 1 rolled out for a few reasons. First, there was a staggered adoption of STP for businesses with less or more than 20 employees and secondly, there was feedback from users and partners that they wanted to retain it for familiarity.
With that said, now that STP Phase 2 has taken effect its a bit of a different story. As mentioned previously, the reporting requirements that have been introduced under Phase 2 weren't a part of the old payment summary process so they are no longer going to be accurate.
That being so, there is no longer any need to use payment summaries and there hasn't been for a fair while now, (even prior to STP Phase 2) so I'd encourage moving on from this particular functionality and instead advise employees to review their income statements which provide a more up-to-date and detailed breakdown of pay balances.
The team may look to disable or remove this functionality in a future release provided doing so doesn't have other adverse effects or impacts in other areas of the software.
Rav
Re: End Of Year Payroll Totals
Thank you so much. I've added the leave and overtime to the gross in the portal and it matches with my Reckon totals. So all should be good to go ahead. I thought as much but just wanted to double check before I went ahead and finished the year off.
FNQPEST
Re: End Of Year Payroll Totals
when you look at the reckon portal details of the last submission you will see GROSS Tax and other leave or allowance items. You have to add the other items to the gross figure in that window to agree with your Reckon totals
Re: EOFY COMPLETION
No you don't have to complete the EOFY finalisation before creating a pay run for the new financial year. If you need to complete a pay run for the 2024/25 financial year you can go ahead and do so then come back later to complete the EOFY for 2023/24 🙂
Rav
Re: Incorrect Salary Sacrifice Figures on INB
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.
Re: 2023/24 Payment Summaries don't reconcile
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.
Rav
Re: RECKON EOY PAYG Summaries not including Unsued Holiday Pay
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.
Acctd4