PAYG Witholding Payment

Question

Hi, I am primarily using Reckon one for payroll but would like to also manually reconcile my bank account. As such, I am attempting to input a "make payment" to account for PAYG Witholding tax I have just paid  out of the bank account. When I go to allocate the transaction to an account through the make a payment option, I have selected "Payroll liabilities: PAYG WItholding Payable" but I am unsure of which Tax Code to use or how I would account for this payment?

Kris_Williams · Answer

When you go to Suppliers - tax activities - pay tax The bank account will be your bank, it will have the supplier name already there and the account will be PAYG liabilities account

I have just realised that you are using Reckon One, these are Hosted instructions so I’m not sure how similar the process will be.

AmyRowe · Answer

Thank you, Kris. I am quite new to accounting software so just to double check I am in the make payment section I have selected payable type - accounts payable and added the ATO as a supplier. I then allocate the transaction to PAYG liabilities account and leave the tax code section and just input the amount?

Kris_Williams · Answer

no tax code and it will go to the PAYG liabilities account