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BAS/PAYG - Simplified BAS report

Janine_10088696

Hi,

I am a fairly inexperienced Reckon operator so excuse my limited knowledge!

When I am calculating BAS/PAYG for the quarter I run a Tax Liability report and Payroll Summary to get my figures and also a Simplified BAS report to cross check figures.

On the Simplified BAS for Apr-Jun 21 it has a negative figure for PAYG tax withheld -$612 ?? yet the amount on the Payroll Summary for tax withheld is $2556. All other figures are correct.

Any idea what I can check to see why these figures are not matching up.

Thanks

Janine

Comments

Acctd4

@Janine The Simplified BAS report is mapped to tax codes for GST but accounts for Wages & PAYGW. Therefore - along with the liability due - it will also pickup any payment of W2 liabilities at the W2 label.

I do use the Simplified BAS but to confirm the correct figures, I always run it in conjunction with the following (previously customised & Memorised) reports:

Tax Code Summary (configured for Cash/Accrual accordingly, & set to Gross & Without cents for the applicable period eg Last Month/Quarter) - This gives you the specific GST label amounts &
Payroll Summary (configured for All Employee Payroll Items for the applicable period & Without cents) - This gives you the W1 label (Adjusted Gross Pay) & W2 (PAYGW)

TIP: I also configure all my reports to Show negative numbers in bright red. This makes these figures a lot easier to identify!

Janine_10088696

Thanks Shaz !

Is there a way I can see what else might be under W2 to make sense of the negative figure?

Acctd4

If you run a FastReport on that PAYGW account, you'll be able to see the relevant transactions. As long as I know specifically why it's reflecting as a negative (eg a Debt Payment arrangement in place where regular lump sum amounts are being paid off a prior period debt), I manually overide this W2 label figure in the Simplifed BAS with the correct liability amount (as per the Payroll Summary report)

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