2 Income Statements on MyGov (2 branches)

I have finalised pay for FY24 with STP. When my employees check the MyGov site, they are showing two identical income statements with different branch number (#1 and #2) and BMS ID's. Same employee number.

I have checked the Reckon Gov connect site which shows 1 duplicate PayRun submitted for Branch 1 and Branch 2 (Branch 2 is not used). How can I zero out the Branch 2 ATO submission?

Accepted answers

All comments

Kris_Williams

are both Income statements saying Tax Ready? If not you can ignore the other one I believe

dave

Hi Kris, 1 says "Tax Ready", the other 1 says "Not Tax Ready"

Kris_Williams

well I don’t think you need to worry, at least that’s what I was told a couple of years ago when these statements were first in use

Rav

Hi @dave

Were there any changes at some point in the financial year where you created and started using the branch 2 STP entity for your ABN? ie. how did the branch 2 STP entity come into effect?

We've got a help guide on this particular scenario which I'll link below that provides some steps you can go through to 'zero' the unrequired income statement -

https://help.reckon.com/article/tqeaf29kke-two-payment-summaries-in-my-gov-account

Acctd4

@dave Unfortunately, it’s not possible to create a negative Paycheque to reverse the figures for Branch 2 😬

However, as Kris stated, the employee can just omit that Branch 2 (unfinalised) STP data from their tax return ☺️

dave

Hi Rav, Branch 2 entity came into effect from our transition to STP Phase 2 I believe. There was just 3 duplicate submissions (one Phase 1 and two Phase 2) from this Branch, of which the payroll data was also contained in Branch 1 submissions (Branch 1 is all good).

I had a look at the article you mentioned: The note at the bottom said "This article doesn’t apply to you if you have changed ABN/GST Branches", which appears to be my problem (not the different employee numbers).

I've attached the picture of the Branch 2 submissions. The 2/10/2023 is the one that shows up in "Not Tax Ready" in mygov accounts.

Rav

Sorry @dave, can I just clarify.. this post has been created under the Reckon Accounts Hosted category however it looks like you're using Reckon One, is that correct?

If so, I'm happy to outline a potential method however its fairly involved and a somewhat advanced level undertaking. Based on the advice from our experts above, you may want to opt for disregarding the income statement instead.

Either way, let me know 🙂

dave

Hi Rav, sorry yes this is for Reckon One. Sure I'd like to know the potential method, thanks

Rav

No worries, thanks for clarifying. Ok here are the steps you could look at doing 👇

Go into Settings ➡️ Book Settings ➡️ Under General Details you'll see your ABN and branch details ➡️ Currently your branch number is likely set to 001 in this field.

Change this to 002 and select Save. This will point your Reckon One book to the STP entity created with the 002 branch for your ABN

Once that is done, go into your Reckon Payroll and just confirm that your payroll is now reporting to 002 by going to Settings ➡️ Company Details

If you see 002 listed then go proceed with the next steps -

Create a new 2023/24 EOFY finalisation.

Select the relevant employees from the list

Then select the option to Set all Values to $0.00 ⚠️ This is important ⚠️

Send this submission as normal and once it comes back with a Success status it will effectively 'zero-out' all the included employee balances under the 002 branch for your ABN.

⚠️ IMPORTANT ⚠️

Once the above is done, go back to your Reckon One book settings and change the branch number back to 001 so that your Reckon One book is pointing back to the correct STP entity before sending through any further submissions.

As I mentioned previously, its a somewhat involved process so if you have any questions please let me know.

Cheers

dave

Thanks Rav for your help, it worked and your instructions were very clear.

Rav

Excellent to hear, glad you got it sorted @dave 👍

Reckon Accounts Hosted Announcements & Important Info

Don't miss announcements and important info for Reckon Accounts Hosted

Button

Reckon Accounts Hosted Ideas & Feature Requests 💡

Do you have an idea for a feature in Reckon Accounts Hosted? Let us know here!

Button