Is finalisation necessary before transferring to Reckon One?

Tony Read

I am intending on transferring a client's data file from my firm's Reckon Desktop software to Reckon One. Do I need to have everything completely up to date and finalised to the most recent period end before doing so? Any advice would be greatly appreciated.

Rav

Hi Tony

Its a must that you zero out any existing balances that have been reported via STP from your Reckon desktop software prior to making the switch over to Reckon One.

I'll link a guide below which outlines how to create a zero balance STP submission -

https://help.reckon.com/article/bza3n41wfo-kba-5767-how-to-submit-a-nil-stp-submission-to-the-ato-using-reckon-accounts-desktop-hosted

Tony Read

Thank you Rav. Appreciated.