adjusting gross wages before lodging final STP for 2023
I want to make an adjustment to the gross wages of a director. How do I do this so it is reflected in the final STP.
can i make a gross negative in the last payroll submitted and lodged with STP?
Answers
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It's not possible to create a negative Paycheque in RAH - What is the adjustment for as STP reports what was actually paid ?
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Hi Shaz
thanks for responding
Our accountant would normally have made the adjustment when finalising the accounts.
Making a dividend payment in lieu of wages.
but because of STP that apparently can't be done..
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Can you not create a payroll item for Dividends paid and make an adjusting pay with a positive to dividend and a negative to the normal payroll item
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Thank you Kris, I will have a look at that option π
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Rather than using positive & negative lines, just edit the applicable Paycheque(s) & change the Payroll Item to the βDividendβ one that you create.
(NOTE: Dividends are NOT reported through STP so make sure this is set to None for Tax Tracking Type!)
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Depending on the amount of the adjustment though, JP may have to edit more than one cheque, more margin for error
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You can't have a negative balance in STP so there's more risk with ensuring you minus out the specific amount (exactly to $ 0.00) There's also more chance of getting the submission "Error" status when trying to submit it.
In JP's scenario, amounts aren't being edited, just the Payroll Item for it is being changed.
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Ok Shaz I thought if the net amount was zero it would be ok but I take your point
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@Kris_Williams Technically, it should be OK, but it's not always the case π¬π
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