Payroll Adjustment for EOFY and STP update

940670
940670 Member Posts: 1 ✭
in Reckon Accounts (Desktop)

Hi I have an employee that we need to do an adjustment to their 2019/2020 payroll figures. I need to reduce their payroll by $30000 due to update from the accountant. The existing payroll figures have all been reported to the ATO via STP using Reckon GovConnect. How do I make an adjustment in the payroll for the negative amount as I am unable to create a negative payrun.

Comments

  • liz_10158906
    liz_10158906 Member Posts: 4 ✭

    is there an answer to this

  • liz_10158906
    liz_10158906 Member Posts: 4 ✭

    how to adjust payroll, need to put in a negative figure

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,188 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Unfortunately, it's not possible to create a negative or $0 Paycheque.

    Bear in mind that STP has reported actual payments. I would be curious as to why the accountant has requested this adjustment as, to be reducing an employee's income figure - by a whopping 30K - a year down the track sounds dubious if the employee has actually already received it 😲

    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

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    (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!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,204 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    If these wages have not actually been paid and have been offset to a loan or drawings account I believe you would have to go back and adjust a number of them to reduce by the 30000 and resubmit an update event for each of them, but the group tax could not be adjusted as far as I can see. The accountant should be on top of this throughout the year and possibly tell you how to do it.

  • liz_10158906
    liz_10158906 Member Posts: 4 ✭

    But you can do an adjustment at the end of the financial year? it that correct.

    How do you record an adjustment, ie. a negative figure

  • Kris_Williams
    Kris_Williams Member Posts: 3,204 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    You can in your accounting system but not in the payroll side of things now that STP is in place

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