Why does the PAYG Payment summary NOT have Overtime reported ?

Tiffany
Tiffany Member Posts: 30 ✭✭
edited July 25 in Accounts Hosted

I was just checking the amounts that have been reported via STP 2 and for some reason the overtime is not reported on the PAYG Payment summary, nor the correct breakdown of the allowances? I have used the the recommended allowances and overtime tax tracking type.


Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,187 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Tiffany

    The old Payment Summaries are not STP2-compatible & can therefore no longer be utilised. This is because STP2 has only been developed in latter years since the Payment Summaries were replaced by the online Income Statements (in employees' myGov accounts) 😬

    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!)
  • Tiffany
    Tiffany Member Posts: 30 ✭✭

    Thanks Shaz it is just that the STP files that are processed do not have all the individual allowances separated on them and I was hoping the Payment Summary would so I can issue them to the employees who ask for it but I will obviously have to tell them to use their final payslip.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,187 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Tiffany

    They can access what you've submitted via their myGov account.

    Many of the other payroll software providers removed their Payment Summaries feature years ago, when they were replaced. We were just fortunate with Reckon to still have it until now 😬

    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!)