Recon Accounts Hosted - Finalisation Year STP

Sofia
Member Posts: 4 Novice Member

I want to do the finalization of the EOFY into STP. We have processed last payroll of June and already submitted to STP that same day.
To finalize the year, we now have to update to Reckon Accounts 2019 R2?
Then, navigate to Employees>Single Touch Payroll Lodgements screen in Recon Accounts and tick "Finalise Year" ?
Is this correct?
To finalize the year, we now have to update to Reckon Accounts 2019 R2?
Then, navigate to Employees>Single Touch Payroll Lodgements screen in Recon Accounts and tick "Finalise Year" ?
Is this correct?
0
Comments
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Hi Sofia,
Yes, the new Finalise Year option in the 2019 R2 edition of Reckon Accounts will bring up a list of all your employees paid throughout the year and will be marked & sent as your final pay event.
There's more info here -
https://help.reckon.com/reckon-accounts/payroll/single-touch-payroll/finalise-year
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I havent close our Payroll for 2019 and I need to adjust superannuation contribution from salary sacrifice to Voluntary Member Contribution as currently the payment summary is showing Reportable employer superannuation contributions, please if anyone can assist on this0
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