STP final pay event

Dianne Metcalfe
Dianne Metcalfe Member Posts: 13
edited May 2020 in Accounts Hosted
I've just posted my first STP which included a terminated employee.  When I had a look at the employee detail list,  it has YES in the Final  Event column for the terminated employee. 
Does this mean I don't have to do anything else? 

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,305 Community Manager Community Manager
    edited May 2020
    Hi Dianne,
    Yes you've done exactly what you need to for a terminated employee.
    I'll add a link below with a bit more general info on Final Pay Events in Single Touch Payroll -
    Final Pay Event


    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Dianne Metcalfe
    Dianne Metcalfe Member Posts: 13
    edited March 2019
    Thank you - that wasn't nearly as difficult as I thought it would be.

  • Sue_10075371
    Sue_10075371 Member Posts: 41
    edited October 2019
    Hi Rav
    I've just posted my first STP which included a terminated employee.  I read your instructions first, making sure that the employee's release date was recorded before I processed the STP.  But when I had a look at the employee detail list,  it has NO in the Final  Event column for the terminated employee.  So what now? Sue
  • Hglass
    Hglass Member Posts: 7
    edited November 2019
    Hi Rav 

    l have also only just done all this for the first time, and as Sue said did the termination process through Reckon Hosted. Just checked the details on the STP file done and still says No in the Final? 
    Have l done something wrong .... ? 
    Thanks 
    Jazz 

  • Heidi Neumann
    Heidi Neumann Member Posts: 1
    edited May 2020
    Hello,

    what happens with an employee made redundant? Will this flag as final event?
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2020

    Hi Heidi

     

    The “Final Event” classification is automatically flagged as a result of having a “Release Date” entered in the Employee record, rather than the type of termination.

     

    Ideally, you want to go through the “Terminate Employee” wizard (Right-click on Employee Name to select from pop up menu) but you can just enter a date in this field manually.

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    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!)
  • Sue Renouf
    Sue Renouf Member Posts: 30

    I have an employee with a final event saying YES as I had entered the release date in the employment record back in March. However, the accountant has advised I need to add FBT to the employee record.

    Do I do an Update Event and then a final Finalise Year STP lodgement? I believe the latter is when the FBT amount shows.

    Regards,

    Sue Renouf

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    It doesn't really matter - You can do an Update Event if you want to or, wait until you finalise after EOFY as as it's the Finalise Year process that changes the YTD status to "Tax Ready" 😁

    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!)
  • Sue Renouf
    Sue Renouf Member Posts: 30

    Thanks Shaz. Appreciate your reply.