Could somebody plese tell me how to make PAYG and Super payments in Reckon Premier with STP?

  • 1
  • Question
  • Updated 2 months ago
We have always just journaled the PAYG and Super amounts to a clearing account such as ATO Integrated Client GL account for example.  But if I journal the payment from the Payroll Liabilities account will this affect anything with the end of year stuff moving forward?
Photo of Gillian

Gillian

  • 338 Points 250 badge 2x thumb

Posted 2 months ago

  • 1
Photo of Kevin Russell

Kevin Russell, Accredited Partner

  • 51,354 Points 50k badge 2x thumb
Why are you using journals at all? Why don't you simply pay the liability using the Pay liabilities function custom made within the software?
Photo of Gillian

Gillian

  • 338 Points 250 badge 2x thumb
That's my Question Kevin.  We have only begun using payroll last month so this is my first month of using the new system with PAYG payments to the ATO.  Previously I had GL accounts for payroll expenses, super etc for each staff member but the payroll in Reckon sends everything to one account as Payroll Liabilities.  What I am trying to work out is how to use the Pay liabilities function custom made within the software
Photo of John Graetz

John Graetz

  • 24,044 Points 20k badge 2x thumb
Gillian.  You are not restricted to having just one Payroll Liabilities account.  You can set up sub accounts for such things as group tax, SGC, salary sacrifice super etc. - as many as you want to service your own needs.  But before you go too far with this, refer to my next point regarding payment of the payroll liabilities.
In order to pay your Payroll Liabilities, you go to Employees> Payroll Taxes and Liabilities> Create Custom Liability Payments and then select the payments that you want to process.  You should find that this is a straightforward exercise.
John L G
Photo of Gillian

Gillian

  • 338 Points 250 badge 2x thumb
Thank you very much John, I think I understand it now.
Hi Gillian

Further to John's advice, it is so much better to set up Payroll liabilities for each, it is a nightmare to reconcile, fix clients who put it all in one account.  When you set up your separate liabilities as John has suggested, make sure you go to the payroll items and link the items to the correct liability account or you will be in a mess again. i.e PAYG to PAYG liab. acct - Super payroll item to Super Liab. acct.
Photo of Gillian

Gillian

  • 338 Points 250 badge 2x thumb
Thank you, I will set it up that way deffinetly