COVID 19 snap lockdown - how do I reverse STP lodgement ?

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Cathy Branson
Cathy Branson Member Posts: 5 ✭
in Accounts Hosted

Due to working limited days I run pays on a Monday for the full week and lodge with ATO in advance of payment being made - however due to the snap lockdown a pay has been lodged but will not occur due to our industry being stood down for the week. How do I fix this ?

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  • Cathy Branson
    Cathy Branson Member Posts: 5 ✭
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    Thank you all for your help - Bruce was the best - however I ended up ringing Reckon support as my real issue was how to create a nil pay update event. Given that reckon won't allow you to create a negative pay or a zero pay you need to pay them at least 0.01 each.

Answers

  • Bruce
    Bruce Member Posts: 441 Professional Partner Professional Partner
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    • run your revised pay run in hosted
    • prepare new STP file with the corrected numbers
    • lodge the new STP with the ATO as a replacement file
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Agree with Zappy - I never submit STP until after the fact (despite the fact you can) 😬

    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!)
  • Bruce
    Bruce Member Posts: 441 Professional Partner Professional Partner
    edited August 2021
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    @Cathy Branson you can set the salary amount as $0.00001 (rather than $0.01). This will generate a pay check of $nil, meaning that you don't have to muck around with journals to reconcile bank.

    I'm also with @Zappy and @Acctd4 and I never process the STP until after the pay run has been committed at the bank. However, legislative requirements mean that it must be done the same day - STP lodgments have to be at the same time or before payment.

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