ATO Payment Times Reporting Scheme

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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,322 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2021

    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 / Hosted ! ***

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

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    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!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,248 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2021

    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

  • Wayne_10861918
    Wayne_10861918 Member Posts: 4

    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.

  • Wayne_10861918
    Wayne_10861918 Member Posts: 4

    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_Williams
    Kris_Williams Member Posts: 3,248 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

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

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,197 Community Manager 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.


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

  • skim5133
    skim5133 Member Posts: 1

    Hi Rav,


    Any update on Payment Times Reporting?

    Thank you.

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,197 Community Manager Community Manager

    Hi all

    I've had a chat with our Product team and at this stage there are no plans for this. There is a feature request for this on our Reckon Ideas Portal which I'll link below however has only received a couple of votes so far. I'd highly recommend that you add your vote to it as our devs regularly look at ideas & requests voted by users for inclusion where feasible.



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