Do I still need to process STP for a missed payment?

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Zheng
Zheng Member Posts: 26 Reckoner Reckoner
edited October 2024 in Accounts Hosted

If I only processed a one day missed payment for an employee, do I still need to process STP for this pay?

Best Answer

  • Alexis McKeown
    Alexis McKeown Reckon Staff Posts: 568 Reckon Staff Reckon Staff
    Answer ✓

    Dear @Zheng ,

    You need to submit each payrun for each employee when they are paid to the ATO, per their rulings.

    Kind regards,

    Alexis McKeown

    Reckon Senior Technical Support

    Alexis McKeown

    Reckon Senior Technical Support
    Working hard since 2018

Answers

  • Zheng
    Zheng Member Posts: 26 Reckoner Reckoner

    Noted, thank you for helping.

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,032 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2024

    Technically, yes.

    However … in reality, as long as the employee is still current (eg continuing to be paid via payroll), their figures will get picked up in the next pay run anyway as STP doesn’t specifically report each pay run’s totals, it simply updates each employee’s YTD balances, each submission ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * 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!)