Finalising Year in STP when we changed entities partway through year

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Lyn Nosow
Lyn Nosow Member Posts: 16 ✭✭

We changed entities from a Trust to a partnership part of the way through the financial year. The ABN is the same. I can't remember whether I did a Finalisation back in October when the change happened.

I have Finalised the Partnership to end of June but can't seem to do the same for the Trust, which comes up as not tax ready. If I do a Final Pay run with no amounts in it and send that through and then do a Finalisation, will that solve the problem?

Lyn Nosow

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  • Rav
    Rav Administrator, Reckon Staff Posts: 16,032 Community Manager Community Manager
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    Hi @Lyn Nosow

    What sort of changes were made in your company file and STP entity when you changed over from a trust to a partnership?

    The entity name and/or branch number? Did you create a seperate STP entity?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,589 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @Lyn Nosow !

    Different entities would normally have different ABNs, in which case you would need a separate (new) tile setup in Reckon’s portal for STP submission 🤔

    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 *

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    Ballajura, WA

    shaz@accounted4.com.au

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