Single Touch Payroll Phase 2 - Overview & Getting Prepared πŸ“

Rav
Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager
edited August 2023 in Accounts Hosted

Single Touch Payroll Phase 2 - Overview

STP Phase 2 is the next step in the Single Touch Payroll journey and will see Australian businesses reporting additional information to the ATO in each pay run.

All Reckon payroll software is currently deferred from STP Phase 2 requirements until 30 June 2023. Our teams are currently in the process of finalising phase 2 requirements in all our payroll software and we'll have more information around this coming very soon. Stay tuned to the Reckon Community as we'll have a range of resources and info available for you here to make your transition as smooth as possible.

In the meantime though, you can start getting prepared by taking a look at our general STP Phase 2 overview article which I'll link below.

It contains an outline of some key changes coming in STP Phase 2, what's staying the same, and also the additional information that you'll need to obtain from employees as part of the new compliance requirements which you can use to get a headstart in your preparation.


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Comments

  • NarellePaterson
    NarellePaterson Member Posts: 111 ✭✭

    Will there be a seminar about how the wizard will work or how Reckon program will handle Phase II . Doing some research it sounds very complicated and I have to deal with all purpose allowances I would really like to know how it will all work before we have to start reporting.

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager

    100% there will be @NarellePaterson! 😊

    We're planning a series of webinars to assist our users with everything they need to know about transitioning to STP Phase 2 requirements. Stay tuned, info on these will be here on Community and via email soon.

    We're also putting the finishing touches on help guides that will provide a step by step walkthrough. I'll also be creating some concise how-to videos a little closer toward release time which you can hopefully use as a reference.

    In the meantime, I would recommend that you take a look through the guide above for an introduction on changes and additional information requirements that you can start thinking about and gathering.


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  • NarellePaterson
    NarellePaterson Member Posts: 111 ✭✭

    Thanks Rav hopefully they will help. I did look through the above ...and that what scares me ...it's a lot.😲

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager

    For sure, there's a fair bit to come to terms with when it comes to the new requirements but we're really confident that the Migration Assistant we've got in the works will make things super easy when it comes to transitioning and we're focusing on breaking things down as simple as possible when it comes it our help content.

    A lot more to come on this here on the Community over the next couple of months 😊


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  • Leanne_7663246
    Leanne_7663246 Member Posts: 109 ✭✭

    Hi Rav

    Any updates on when STP phase 2 will be released for Hosted users. I am conscious that time it ticking and we we are 6 weeks out from end of June. I am going on leave 21st June and would have loved to have it all sorted prior so I dont leave someone who has never done payroll to have to not only learn payroll but have to update to STP phase 2. Any further info would be appreciated.

    thanks

    Leanne

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager
    edited May 2023

    Morning @Leanne

    Our current target for release is early to mid June, our teams are putting the Migration Assistant through some pretty rigorous testing right now and enhancing a few things on that tool which will help update your employee and pay item information much easier 😊

    Certainly starting to turn toward the home straight now so stay tuned for a lot more updates and content around STP Phase 2 very soon πŸ”œ


    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Leanne_7663246
    Leanne_7663246 Member Posts: 109 ✭✭
    edited May 2023

    Thanks, fingers crossed. Otherwise I will have a very stressful holiday:(

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager

    That's the last thing we want @Leanne, nothing worse than being on holiday but thinking of work! 😟

    Don't worry though, we're working really hard on making things super simple and straightforward when it comes to the transition and our Migration Assistant will definitely help with that 😊


    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Leanne_7663246
    Leanne_7663246 Member Posts: 109 ✭✭

    Thank you


    cheers

    Leanne

  • Ann_10524711
    Ann_10524711 Member Posts: 11 ✭

    Hello

    With regard to update for the STP phase 2, I am on desktop version and wonder if there will be an option to update the required fields before going live?


    Thanks

    Ann

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,315 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Absolutely - There will be a wizard within the annual upgrade (incl STP2) release - due mid-June - that will automate the STP2 mapping process but fields will also be able to be manually allocated if preferred.

    We don't have all of the full details on it just yet but as Reckon's STP2 release is so close to EOFY, Reckon have actually secured a further 3 month extension (to 30/09/23) for STP2 implementation. This extension automatically covers all users of all Reckon products ☺️

    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

    [email protected]

    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!)
  • Jenny Byrne
    Jenny Byrne Member Posts: 61 ✭✭

    So I am not to worry about this until end of September - Reckon Hosted

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager

    Hi @Jenny Byrne

    While our deferral has been extended to 30 September, keep in mind the 2023 release of Reckon Accounts Hosted and Reckon Accounts Desktop will only support STP Phase 2 so when you make the upgrade to the new edition you'll then have the opportunity to use the Migration Assistant to update your employee and pay item info to STP Phase 2 requirements.


    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Kathyd
    Kathyd Member Posts: 75 ✭

    Hi. I have finalised the EOFY and imported the new upgrade file into reckon. I need to do the pays today so can I still process the pays without doing all or the Payroll Item migration and working on this over the coming weeks.?

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,192 Community Manager Community Manager

    Hi @Kathyd

    If you've upgraded to the new 2023 edition then it will only create pay runs and STP submissions under STP Phase 2 requirements so you will need to update your employee and pay item information to comply.

    After upgrading to 2023, the first thing I'd recommend doing is firing up the STP Phase 2 Migration Assistant which will walk you through getting everything updated. For more info on the Migration Assistant, check out the post below along with the FAQ's -


    Upgrading to Reckon Accounts Desktop 2023 - Frequently Asked Questions βœ”



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