TPRA

minileepee
minileepee Member Posts: 6 Novice Member Novice Member
in Accounts Hosted

TPAR I have sub contractors that provide materials and labour, do i need to report materials as well or is it just labour? thanks

Comments

  • Unknown
    Unknown
    edited July 23
    This content has been removed.
  • Lucas
    Lucas Reckon Staff Posts: 299 Reckon Staff

    Hi @minileepee,

    I'll need you to clarify on what do you mean report materials as well. You should be reporting your pay runs to the ATO through your STP submissions and completing an EOFY submission to finalize the year.

    Please let me know as soon as possible what you mean by materials as well. Thank you and speak soon.

    Cheers,

    Lucas

  • minileepee
    minileepee Member Posts: 6 Novice Member Novice Member

    Hi Lucas, They are not employees of the company, they are sub contractors that do actional work and supply materials thanks

  • Lucas
    Lucas Reckon Staff Posts: 299 Reckon Staff

    Hi @minileepee,

    I'm unsure, if you are able to report materials through Reckon one and may be best to speak with your accountant as I am unsure. Thank you and speak soon.

    Cheers,

    Lucas

  • Kris_Williams
    Kris_Williams Member Posts: 3,699 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    For the TPAR I would create 2 suppliers, perhaps one with a dot and use one for materials that doesn’t get reported to ATO

  • minileepee
    minileepee Member Posts: 6 Novice Member Novice Member

    Hi Kris, thats a good idea thank you

  • Unknown
    Unknown
    edited July 23
    This content has been removed.
  • JudyA
    JudyA Member Posts: 72 Reckon Star Reckon Star

    Hi,

    We have contractors that I need to report (construction industry). Sometimes their invoices are for materials only. When I come to the the TPAR report, I click on each supplier and and untick each invoice that is for materials only. That will then adjust the TPAR and take out those invoices that are not relevant. If the invoice contains both materials and labour, I'm pretty sure the rule is that if the majority of the cost is for labour, then it's included; if the labour component is minor compared to the cost of materials, then it can be excluded.

  • Kris_Williams
    Kris_Williams Member Posts: 3,699 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    I like to be able to prove I have the correct figure by a report from subcontractors account (cash basis) and the export TPAR. That is why I like to have 2 suppliers to separate materials and labour

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