Split Payment for BAS

Leiza

Hi, I'm quite new to Reckon Hosted & seem to have made quite a bit of extra work for myself by paying BAS from 2 seperate bank accounts. Can I please have help for how to enter this? Thank you.

Acctd4

Hi Leiza

So with the 2 bank accounts, are you referring to having actually made the payments out of 2 different bank accounts or that you've entered it in RAH this way when that's not the case ?

Leiza

Hi Shaz,

Yes, I have already made the payment from 2 seperate bank accounts & now am at a loss as to how to enter them into RAH correctly. Thank you.

Acctd4

@Leiza The entry will depend on your current setup (whether you have a clearing account for your ATO liabilities or not) & whether there are any other components included as well as GST (eg PAYGW/PAYGI/FTC etc)

Leiza

I don't have an ICA set up and am now looking at how to do that.

Acctd4

@Leiza You would need to journal the liabilities (from their original liability accounts) into a newly-created set of applicable liability accounts then create a Write Chq - out of each bank account that you made payments from - to "pay" these amounts (eg posting to the new applicable accounts)

NB If you have been paying your liabilities via a Liability Chq (which is the correct method if you also have PAYGW), you should also enter liability adjustments (opting to not affect accounts) via Employees > Payroll Taxes & Liabilities > Adjust Payroll Liabilities. This will ensure your payroll liability reports are accurate.

Acctd4

Kevin - I only use GJs if absolutely necessary.

In this case, the liability amounts need to be moved into the newly-created accounts so that the balances are there to “pay”

(& it’s “Shaz”) 🙄😖

Acctd4

Yes - as I said above, I use a Chq to enter the actual payments but the balances have to be moved across first - you can’t do that with a Chq.

Leiza

Thank you so much for your help.

I will give this a go & if I fail, will give you a call.

Have a great day