STP Earnings Reset Event

Rosie
Rosie Member Posts: 116 ✭✭

We are moving our Payroll out of Reckon.

We have been told that we need to do a STP Earnings Reset Event to zero out the earnings in Reckon and then enter the YTD amounts in the new payroll software.

Does Reckon have any guidance on how to do this?

Thankyou, Rosie

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,318 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 7

    Hi Rosie

    I don't believe there's a specific guide on this (... I could be wrong ?) however you can zero out the YTD balances using Set Up YTD Amounts (under the Employee dropdown menu).

    First, generate a Payroll Summary - with columns displayed per Employee - for this FYTD so you know the total balances to be cleared for each employee.

    Lastly, don't forget to lodge a final Reckon Finalise Year STP submission after zeroing out the YTD figures so this is reported & doesn't include your new payroll system opening YTD balances 🙂

    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!)
  • Rav
    Rav Administrator, Reckon Staff Posts: 15,196 Community Manager Community Manager

    Hi @Rosie

    We've got a guide on how to action a nil balance submission below. Please note, its somewhat of an advanced-level undertaking as it requires editing the STP .json file which in most cases we strongly recommend not doing so just proceed with caution -



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  • Rosie
    Rosie Member Posts: 116 ✭✭

    Thankyou for these responses. That is really helpful!

    What would I do re. the employees that have been terminated throughout the year? Would I exclude them from this STP event so that they do not get zeroed out?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,318 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Rosie

    Yes, don't zero out any that aren't being transferred across 😊

    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!)