How do I correct the STP for the finalised 30/6/2021

Rosemary Harrison
Rosemary Harrison Member Posts: 20 Reckoner Reckoner

Hi, Help!

We have just found out that an employee was incorrectly overpaid for the 2021 year and she has offerred to repay the amount of the overpayment. How do I remove the final flag on her and then how do I remove the overpayment. It was paid over several pays. Do I need to go into each on and amend of can I do a bulk adjustment somehow?


Thank you

Rosemary Harrison

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    Hi Rosemary - Didn't realise it was you!

    I see Wendy's replied on our Group thread ... Interesting info from the ATO on it regarding submitting an Update Event when the monetary correction is being made now, in this FY 😏

    If that's the way you decide to do it though, I agree with Wendy - The Update Event process will automatically "unfinalise" so make sure you only select that Employee to update & re-finalise. You can simply edit the YTD amounts (Under Employees dropdown menu > Set Up YTD Amounts) then resubmit the Finalise Year

    (Happy to talk you through it on the phone or via a remote session if you need ☺️)

    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!)

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi Rosemary

    Is the employee still current? Are they having the overpayment deducted from subsequent pays?

    STP reports in real time so - whilst incorrect - what you paid her during that period is what you’ve (correctly) reported. If she’s still a current employee, I would be deducting from subsequent Pays which will reflect accordingly now (don’t forget employee needs to provide written authorisation for this deduction) ☺️

    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!)