ATO Payments for PAYG Withelding not being deducted in BAS report

I pay my PAYG Witholding tax every month and my GST every quarter as part of my BAS reporting. This means when I have to submit my BAS report I would be making GST payments for 3 months and PAYG W for 1 month.

I have connected my bank transactions to Reckon One and code the payments to the "Payroll Liabilities:PAYG Withholding Payable 2-1220" however they are not getting offset as payments in BAS reporting

Accepted answers

All comments

Rav

Hey @Manthan

Admittedly I don't have a great deal of expertise in this area so forgive me but when you say the transactions are not getting offset in BAS reporting, what does that mean exactly?

Is this related to a lack of a feature/setting within Reckon One?

Manthan

Hey @Rav ,

Thanks for your response. It is a feature limitation in Reckon One software.

What I mean was that after submitting my STP, I make payments for PAYGW via bank transfers and code that transaction in Reckon to the "Payroll Liabilities:PAYG Withholding Payable 2-1220" Account from the Fast Coding screen.

The issue I am seeing in Reckon One is that the BAS report is that the PAYGW is a cumulative only it does not deduct any payments related to that period.

After multiple hours of conversation with the Reckon Support team who were amazingly patient with my repeated calls, I have been told this feature is not available in Reckon One platform it is only available for the Desktop version of the Software.

So for me I have removed listing of the PAYGW tax on BAS as the ATO Online Portal gives me a more accurate view.

Reckon One Announcements & Important Info

Don't miss announcements and important info for Reckon One.

Button

Reckon One Help Videos 🎥

Check out our Reckon One how-to videos for tips & tricks, and help with common tasks!

Button

Reckon One Ideas & Feature Requests 💡

Got a cool idea or want a new feature in Reckon One? Click here to let us know!

Button