Just changed from Sole Trader to a trust. Can we change details is STP Payroll or pay for new one?

CloutzEventHire
CloutzEventHire Member Posts: 3 Novice Member Novice Member
in Reckon Payroll

Wondering if anyone has suggestions

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,208 Reckon Community Manager Community Manager

    Hi @CloutzEventHire

    Is the ABN also changing as part of this as well?

  • CloutzEventHire
    CloutzEventHire Member Posts: 3 Novice Member Novice Member

    Yes ABN has changed.

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,208 Reckon Community Manager Community Manager

    Thanks for that. My recommendation would be to create a new book for the new entity. That way everything remains separate and reporting remains consistent.

    You can create a new book in your existing account by clicking Add Product in the top right corner then selecting Reckon One. Follow the prompts to set up your new book for the new entity.

    As its a new book, you will need to recreate certain data such as employees, items, etc.

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    When setting up a new book, a new STP entity will be created automatically for the new ABN. All you'll need to do is register the new Software ID with the ATO so they'll accept submission sent from the new ABN.

  • CloutzEventHire
    CloutzEventHire Member Posts: 3 Novice Member Novice Member

    Thank you.

    Is there a way to transfer old account labels and payroll to new account without having to re-enter all details?

  • Eric Murphy
    Eric Murphy Member Posts: 572 Reckon Hall of Famer Reckon Hall of Famer

    I had a similar question a while back but unfortunately there isn't a way to merge books or transfer data between them ☹️

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