🚨 IMPORTANT INFO - BAS W1 prefill & Salary Sacrifice

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Rav
Rav Administrator, Reckon Staff Posts: 16,032 Community Manager Community Manager
edited August 2023 in Reckon Accounts (Desktop)

ℹ IMPORTANT INFO - BAS W1 Prefill & Salary Sacrifice


Hi everyone,

The ATO have started prefilling BAS from STP Phase 2 data however it has come to our attention that Reckon Accounts Desktop 2023 is not reducing the total gross by the salary sacrifice component and therefore the BAS prefill is showing the incorrect balance.


Example

Gross earnings: $1000.00 - Salary sacrifice: $200.00 = BAS W1 $800.00

Whereas the W1 prefill in Reckon Accounts will show $1000.00


What you currently need to do

The prefill amount is editable and the ATO advises to compare the prefilled amounts and to correct where it does not match your records. See information from the ATO in the screenshot below.


What is Reckon doing about it?

Our teams are reviewing this as we speak and working toward the best way of addressing the issue. More updates and information to follow as soon as possible and will be posted below.


We sincerely apologise for the confusion and inconvenience this may have caused. If you have any questions please don't hesitate to ask below.

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

Comments

  • Michele Hicks
    Michele Hicks Member Posts: 7
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    Hi Rav

    We have the same issue with the year end for 2023. We submitted the final with STP 2 and employees have advised when doing their annual tax return their super salary sacrifice has been added into their gross income resulting in tax being owed. How do we correct this? Thanks

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,596 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    There is a patch being released towards the end of this month containing a few fixes, including this one - This update in Reckon Accounts Hosted will be automatic. In desktop, it will require a quick installation ☺️

    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!)
  • Michele Hicks
    Michele Hicks Member Posts: 7
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    Hi Shaz

    Will that fix up my final or should I do a restore and submit again with STP 1 so that employees can lodge their tax?

    Also I can't get the super salary sacrifice to appear in the salary sacrifice column and the RESC one in STP 2, it is only reflecting in the RESC, is this an issue?

    Thanks Michele

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,596 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2023
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    Hi Michele

    You'll need to re-generate/export & upload a new Finalise Year file after you install the fix patch. I believe you should still be able to do this in the current (STP2) version (even if it was previously done in STP1)

    If the Salary Sacrifice (SS) is Super deducted from the employee's gross before tax, it should display in both the SS & the RESC columns. Did you map the SS to the applicable Tax tracking type ?:


    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!)
  • Rav
    Rav Administrator, Reckon Staff Posts: 16,032 Community Manager Community Manager
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    Hi everyone

    I just wanted to provide an update to this, we have a new release for Reckon Accounts Desktop 2023 which squashes a number of bugs including this one affecting the BAS W1 prefill.

    Check out more info on the new release that is now available below -


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

  • Wini1010
    Wini1010 Member Posts: 15
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    Hi Rav,

    My payroll and STP submissions in August were prior to the upgrade of Reckon Accounts for the bug fix. August IAS W1 prefill is incorrect as a result. Do I need to lodge STP update event(s) for August payroll or should I just modify the IAS W1 figure again and ignore the warning that it's different to STP submissions?

    I appreciate YTD figures will be ok regardless once I lodge an STP in September, just wondering the best approach for the August IAS.


    Thanks

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,596 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @Wini1010

    Your payroll figures are the correct ones to be relied on so I would Revise your August IAS to correct that ☺️

    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!)