Starting a new Reckon Payroll file fresh for new FY

Kali
Kali Member Posts: 426 Reckon Legend Reckon Legend
edited June 2024 in Reckon Payroll

Hi Rav

I am starting 2 x new Reckon Payroll files fresh for 2024/25 FY.

  1. New client I am taking over from a previous payroll provider
  2. A file coming over from Payroll Premier onto STP2 for the first time (extension was given).

Seeing as both files will start in Reckon Payroll from 1 July 2024 I take it no YTD figures will need to be entered but anything else I need to consider?

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,205 Reckon Community Manager Community Manager

    Hi Kali

    It doesn't sound like it from what you've described but I'll just ask anyway.. will the file coming from Payroll Premier include any pay run balances that fall in the 2024/25 financial year?

    If not and you're starting completely fresh then yes there won't be any need to enter any initial YTD balances if there hasn't been anything paid to the employees for the 2024/25 financial year.

  • Kali
    Kali Member Posts: 426 Reckon Legend Reckon Legend

    Yep, no wages processed in Premier for 2024/25. I timed it purposefully for EOFY.

    I have of course brought over their leave entitlements they had accrued in the old system but just wanted to check there wasn't anything else i needed to consider. I will also run through the STP2 Phase Checklist in Reckon Payroll.

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,205 Reckon Community Manager Community Manager

    Yes good point in regard to the leave balances.

    Just one other thought. You'll need to register the Software ID for the ABN you register in Reckon Payroll that is coming in from the other payroll provider with the ATO before sending your first STP submission for it. You'll find info on the Software ID HERE if you need it.

  • Kali
    Kali Member Posts: 426 Reckon Legend Reckon Legend

    Yep, done that too! Thank you!

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