#TipTuesday - Taxable Payments Annual Report (TPAR) in Reckon Accounts 📒

Businesses in the building or construction industry that pay contractors might need to report these payments to the ATO by submitting a Taxable Payments Annual Report (TPAR).

This helps to ensure contractors accurately report their income and prevents under-reporting.

How to enable Taxable Payment Annual Report in Reckon Accounts

1: Open the Edit menu, select Preferences, and then choose Tax.

2: Navigate to the Company Preferences tab.

3: Check the box for Enable Taxable Payment Reporting.

4: Click OK to save the changes.

How to include Suppliers in the TPAR

1: Navigate to the Supplier Centre.

2: Double-click on the supplier’s name.

3: Check the box for Include in Taxable Payments Electronic Report.

4: Click OK to confirm.

How to create a Taxable Payment Annual report:

1: Go to the Suppliers menu, select Tax Activities, and then click Process Taxable Payments.

2: Use the Tax Year drop-down menu to select the tax year you are reporting on.

3: If applicable, use the Withholding Liability Account drop-down menu to select the account you use to track withholding tax.

4: Tick to select the suppliers you want to include in the report for the selected tax year.

5: Click on a supplier to view the transactions included in the report for that supplier.

6: Review each transaction and deselect any you do not want to include.

7: Click Export to save the report to desire location.

📌 The default location when the file is saved is set to \ProgramData\Intuit\Reckon Accounts XXXX<level> XXXX<Company Name>\Export Files\Tax Payment Reports.


I hope this helps you understand how to create a Taxable Payments Annual Report (TPAR) in Reckon Accounts.📒