Split Payment for BAS
Hi, I'm quite new to Reckon Hosted & seem to have made quite a bit of extra work for myself by paying BAS from 2 seperate bank accounts. Can I please have help for how to enter this? Thank you.
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Hi Leiza
So with the 2 bank accounts, are you referring to having actually made the payments out of 2 different bank accounts or that you've entered it in RAH this way when that's not the case ?
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If you clear out the liability to the ICA clearing account you can post as many cheques from as many accounts as you like. Call me to discuss
Kevin 0407744914
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Hi Shaz,
Yes, I have already made the payment from 2 seperate bank accounts & now am at a loss as to how to enter them into RAH correctly. Thank you.
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Do you understand the accounting? Call me we can fix thIs
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@Leiza The entry will depend on your current setup (whether you have a clearing account for your ATO liabilities or not) & whether there are any other components included as well as GST (eg PAYGW/PAYGI/FTC etc)
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I don't have an ICA set up and am now looking at how to do that.
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Call me if you get stuck. You can pay the ICA. Its not complicated. If you get the accounting right, its super easy. It doesnt matter how many bank accounts you use.
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@Leiza You would need to journal the liabilities (from their original liability accounts) into a newly-created set of applicable liability accounts then create a Write Chq - out of each bank account that you made payments from - to "pay" these amounts (eg posting to the new applicable accounts)
NB If you have been paying your liabilities via a Liability Chq (which is the correct method if you also have PAYGW), you should also enter liability adjustments (opting to not affect accounts) via Employees > Payroll Taxes & Liabilities > Adjust Payroll Liabilities. This will ensure your payroll liability reports are accurate.
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Sharon you shouldnt need to use a journal
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Kevin - I only use GJs if absolutely necessary.
In this case, the liability amounts need to be moved into the newly-created accounts so that the balances are there to “pay”
(& it’s “Shaz”) 🙄😖
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Ive used a cheque myself but whatever works for you
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Yes - as I said above, I use a Chq to enter the actual payments but the balances have to be moved across first - you can’t do that with a Chq.
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My humble apologies Sharon. Too early in the morning. I misunderstood.
Have an amazing Thursday
Kr
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Thank you so much for your help.
I will give this a go & if I fail, will give you a call.
Have a great day
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