What STP 2 classification is Christmas Bonus in Reckon Hosted

NarellePaterson
NarellePaterson Member Posts: 111 ✭✭

About to pay Christmas Bonus tomorrow on checking I notice I have Bonus listed as type - addition and Gross Payments in tax tracking and Expense account -Payroll expenses:gross wages. Is this correct or should it be in Bonus and commissions my Reckon agent help set up for STP so I am not sure if I should change it ? Advice please.


Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,314 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited December 2023

    Gross Payments was correct for initial STP (Phase 1) but it should be under Bonuses & Commissions for STP2 ☺️

    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!)
  • NarellePaterson
    NarellePaterson Member Posts: 111 ✭✭

    Thanks Shaz I changed to bonus and commissions I take it the rest of settings are still correct hope so because it's done now. Merry Christmas.