ATO Payment Times Reporting Scheme

WayneWayne Member Posts: 3

Hi Reckon,

With the first round of the new ATO Payment Times Reporting to be lodged by the end of Sept, is there a report available that can be used to meet the reporting obligations.

Finding a detailed report that includes the payment date of the supplier invoice seems to be particularly challenging. The supplier remittance is not suitable for this exercise.

Regards,

Wayne.

Comments

  • Acctd4Acctd4 Accredited Partner Posts: 1,389 ✭✭✭
    edited August 30

    Hi Wayne

    Are you referring to the TPAR (Taxable Payments Annual Report) ?

    There’s not a default report for this so I find it best to create (& Memorise!) my own. There are a number of ways to do this depending on your file setup eg whether you have a specific (expense or COGS) account set up that you post these transactions to. If so, you can do a Find for that particular account, set to Cash (or use the Open >No filter) with the last FY date range.

    You can also assign applicable Suppliers with a specific Supplier Type (eg “Contractors”) & filter for that.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

    * Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services Ballajura, WA

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    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭
    edited August 30

    No Shaz this is something new, I just looked it up, never heard of it before, it’s for big companies and government businesses and payments to suppliers, I need to read some more

    https://www.ato.gov.au/Business/Business-bulletins-newsroom/General/Payment-Times-Reporting-Scheme/?BusBullNewsroomLanding

  • WayneWayne Member Posts: 3

    Hi Shazza,

    No, not the TPAR report. This is provided for under: Supplier --> Tax Activities --> Process Taxable Payments.

    I am referring the the new reporting regime whereby you need to report (6mthly) how quickly (or not) you pay your creditors. The problem I'm having is finding a report that has the payment date of each invoice. The supplier detail transaction report only includes the total of each payment, rather than the payment date of each invoice.

    Regards,

    Wayne.

  • ZappyZappy Accredited Partner Posts: 4,806 ✭✭✭
    edited August 31


    If you click on the link

    more about the reporting portal and process

    The link goes nowhere. Very helpful

  • WayneWayne Member Posts: 3

    Hi Zappy,

    Yes correct, only "big business", to which I am being grouped into.

    I'm surprised from the collective there isn't a work around. I wonder if that is an indicator of impending high incidence of non compliance. It's certainly an indicator of ever increasing burden on business administration.

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    I posted a link up above and just tested it, try that

  • ZappyZappy Accredited Partner Posts: 4,806 ✭✭✭

    Wayne youre killing me. The "burden " is being caused by big business using their small suppliers as a free overdraft

  • RavRav Administrator Posts: 11,691 Community Manager

    I've raised this conversation with our product management team for some insight. I'll let you know what I find out when I hear back.

  • ZappyZappy Accredited Partner Posts: 4,806 ✭✭✭

    Good one Rav. It has been on the drawing board for ages.

  • skim5133skim5133 Member Posts: 1

    Hi Rav,


    Any update on Payment Times Reporting?

    Thank you.

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