W2 data

ChannelDirectChannelDirect Member Posts: 2

The data inn the W2 tab is showing the change amount on the balance sheet between last 2 quarters not the current quarter payg deductions. How can i correct this.

Comments

  • BruceBruce Member Posts: 260 ✭✭

    You can't. W2 in the Simplified BAS/IAS Report is always the net movement.

    For the purposes of your activity statements it is best to source your W2 amount from the Payroll Summary Report

  • ChannelDirectChannelDirect Member Posts: 2

    Thanks Bruce that is what I did to complete the BAS

  • Acctd4Acctd4 Accredited Partner Posts: 928 ✭✭✭

    @ChannelDirect Unlike the Income & GST labels, the W1 & W2 figures are populated from the source accounts so if you're using Clearing accounts or have any adjustments/entries posting to those, the W2 pre-populated figure will be incorrect.  

    I always use a customised Payroll Summary for cross-checking my W1 & W2 figures & when necessary, will manually overwrite the pre-filled label amounts as per this report.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

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