Finalising Year in STP when we changed entities partway through year

Lyn Nosow
Lyn Nosow Member Posts: 14 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

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  • Rav
    Rav Administrator, Reckon Staff Posts: 13,607 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: 3,835 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 🤔

    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

    shaz@accounted4.com.au

    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!)
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