What STP 2 classification is Christmas Bonus in Reckon Hosted

NarellePaterson
NarellePaterson Member Posts: 126 Reckoner Reckoner
in Accounts Hosted

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: 4,178 Reckon Accounts Hosted Elite 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.png

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  • NarellePaterson
    NarellePaterson Member Posts: 126 Reckoner Reckoner

    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.

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