TPAR Reporting

Steve Cook
Steve Cook Member Posts: 149 Reckoner Reckoner
edited October 2024 in Reckon Accounts (Desktop)

ATO in their infinite wisdom have put me on the TPAR system
commencing July 2019

I had a read on ATO website, but still a little confused
https://www.ato.gov.au/Business/Reports-and-returns/Taxable-payments-annual-report/

Website reads like only applies to Services (ie labour charges), not goods. Is this correct ?
Reporting refers to payments actually received (ie like cash accounting, not accruals)

I am using accruals accounting, so hypothetically….
Invoices issued in June 2019, payment received in July 2019 …. Is TPAR reportable ?

Just want to get it right so I can generate correct reports from my RA Premier 2019

Thanks for any assistance 

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 4,277 Reckon Hall of Famer Reckon Hall of Famer
    edited May 2020
    My understanding is that it’s for subcontractor payments, so no materials only labour. Yes only on cash basis
  • Adrian_6974554
    Adrian_6974554 Member Posts: 164 Reckoner Reckoner
    edited June 2019
    Hello Steve

    TPAR in Reckon will report the transactions on what has been paid. even though  other reporting is set to accrual basis.

    Adrian
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