W2 data

ChannelDirect
ChannelDirect Member Posts: 9

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

  • Bruce
    Bruce Member Posts: 439 Professional Partner Professional Partner

    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

  • ChannelDirect
    ChannelDirect Member Posts: 9

    Thanks Bruce that is what I did to complete the BAS

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    @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 - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)