Finalising Year in STP when we changed entities partway through year

Lyn Nosow
Lyn Nosow Member Posts: 17 Reckoner Reckoner
in Accounts Hosted

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

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,252 Accredited Partner Accredited Partner

    As long as the software ID is the same, and the Employee ID is the same you should be fine

    Zappy

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,205 Reckon Community Manager Community Manager

    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?

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,208 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    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 🤔

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  • Zappy
    Zappy Accredited Partner Posts: 5,252 Accredited Partner Accredited Partner

    @Acctd4 thats the precise opposite of what the OP said. I agree if the abn changes, you would need to create a new portal account with a new software ID.

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