How many EOY Report do I need to prepare? Migrated from Sage to Reckon.

sherina79
sherina79 Member Posts: 36 Reckoner Reckoner
in Reckon Payroll

How many EOY Report do I need to prepare if I I migrated from Sage to Reckon part-way of financial year (June 2024).

Best Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager
    Answer ✓

    Yes that's correct @sherina79 🙂

    Merry Christmas & Happy New Year everyone! 🎅🎆

    I'm on leave from 23 December and back on deck again January 6th.

    If you're working through the holiday period, we've got support available and you'll find our holiday hoursHERE.

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner
    Answer ✓

    Thank you very much! @Rav

Answers

  • Tanvi_kataria
    Tanvi_kataria Reckon Staff Posts: 349 Reckon Staff

    Hi @sherina79

    Regarding your query with EOFY Submission, you need to create a report under Compliance - EOFY and submit the report to ATO. This can be re-submitted again following the same steps, if required.

    Another case is if you want to submit the EOFY report separately for each of the employees, you can create that way as well. Can you please confirm, if this is something you were looking for.

    Check this out for your reference - Processing EOFY report in Reckon Payroll Web - Reckon Help and Support Centre. I hope this helps.

    Please feel free to reach out for any concerns/issues. Thank you!

    Regards

    Tanvi

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner

    Hi @Tanvi_kataria

    Thanks for answering. I've been using Reckon for more than a month after the migration. And this is the first time that I will prepare EOY Report. In your comment above, does it mean that STP finalisation of previous software (Sage) is already covered by the EOFY Submission in Reckon?

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager

    Hi @sherina79

    Have you sent through any STP submissions from Reckon Payroll as yet?

    Merry Christmas & Happy New Year everyone! 🎅🎆

    I'm on leave from 23 December and back on deck again January 6th.

    If you're working through the holiday period, we've got support available and you'll find our holiday hoursHERE.

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner

    Hi @Rav

    Thanks for responding.

    The first payrun that we are going to submit using Reckon is for June 2024. I am still finalising and will submit probably this week.

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager

    Thanks for that @sherina79

    Before you send your first STP submission, I'd recommend that you add your previous BMSID that you were using with Sage to your new Reckon Payroll. This will ensure the balances of the pay runs reported in your previous payroll software (Sage) and then Reckon Payroll will be attributed to the same income statement.

    We've got instructions on how to do this here - Adding your Previous BMS ID in Reckon Payroll

    If you're unable to do so for any reason, then I'd recommend ensuring the employee balances that have come through from Sage to your new Reckon One book are correct, valid and represent the balances each employee has been paid across the full 2023/24 financial year. Once you're ready to do so, you can finalise by following the steps outlined in the article @Tanvi_kataria has shared above. This will finalise the balances in Reckon One.

    Merry Christmas & Happy New Year everyone! 🎅🎆

    I'm on leave from 23 December and back on deck again January 6th.

    If you're working through the holiday period, we've got support available and you'll find our holiday hoursHERE.

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner

    Hi @Rav

    Thank you for the very informative answer.

    Just one last question, in creating update event for adding previous BMS ID, in the "financial year for update" drop down, is it 2023-2024?

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner

    Hi @Rav

    Good day.

    My previous BMS ID is rejected upon submission. Please see the error message I received below. Would you know how to fix it?

    The value specified for an item does not match the item type (value = "820", item type = String, uniqueID = http://www.sbr.gov.au/ato/payevntemp:PostcodeT) Hint: The Pattern constraint failed.The value specified for an item does not match the item type (value = "820", item type = String, uniqueID = http://www.sbr.gov.au/ato/payevntemp:PostcodeT) Hint: The Pattern constraint failed.

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager

    Hi @sherina79

    What that error message is saying, in an overly complicated way, is there is an invalid postcode listed in either your employee or company information. In this case, it looks as though a couple of postcodes have been entered as just 820 which is invalid since a postcode needs to be 4 digits.

    I'd recommend checking your employee information and company information and just ensure that all postcodes have been entered in correctly.

    Once you've made the correction, send through the submission again.

    Let us know how you get on.

    Merry Christmas & Happy New Year everyone! 🎅🎆

    I'm on leave from 23 December and back on deck again January 6th.

    If you're working through the holiday period, we've got support available and you'll find our holiday hoursHERE.

  • sherina79
    sherina79 Member Posts: 36 Reckoner Reckoner

    Hi @Rav

    I was able to fix it and the submission is now successful.

    Thanks again for your response.

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