Are the 2023 -2024 Payment summaries still accurate enough to send to employees

Options
NarellePaterson
NarellePaterson Member Posts: 114 ✭✭✭

Just wondering are the 2023 -2024 Payment summaries still accurate enough to send to employees even though they can access through Mygov or should I not bother.

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,032 Community Manager Community Manager
    Options

    Hi @NarellePaterson

    No, payment summaries are no longer valid under STP Phase 2 and have been outdated/unnecessary for a fair while now (since STP took effect back in 2018).

    Check out more info in my reply linked below on a related thread 👇

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

  • Stalfab
    Stalfab Member Posts: 2
    Options

    So am I correct in assuming the correct data will reflect on the summaries that are lodged through MyGov. Bottom line useless giving the payment summaries for 2023/24 to employees as the data is incorrect. Look forward to you allaying my meltdown this morning. Thanks Sue

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,032 Community Manager Community Manager
    Options

    @Stalfab Hi Sue

    I'd recommend taking a look at our latest #TipTuesday post linked below as it sounds like it has exactly the info you're looking for 🙂
    #TipTuesday: Why payment summaries are obsolete with STP Phase 2 in Reckon Accounts

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

  • Kris_Williams
    Kris_Williams Member Posts: 3,492 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    if your Reckon payroll report agrees with the totals in GovConnect you can be assured that the employees" Income statements in their My Gov account are correct

  • Stalfab
    Stalfab Member Posts: 2
    Options

    Thanks Kris, I have been balancing every week so did think it would be correct but just needed that extra reassurance, thank you

  • Kris_Williams
    Kris_Williams Member Posts: 3,492 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    good to hear, you’re very welcome.