EOFY Reporting

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  • Updated 4 weeks ago
Hi, I am having issues with the EOFY reporting. The Reckon total figures do not agree with my final figures. But, my final figures agree with the figures in MyGov - the figures in MyGov are correct. During the year, I had a couple of "decline by ATO" errors. I resubmitted the following day. So there are no errors in my submission, I don't want to make an adjustment & submit it to the ATO as the figures at the ATO are currently correct. Any help to resolve this dilemma would be most appreciated. Greg

Note: This conversation was created from a reply on: How do I process end-of-year finalisation on Reckon STP App?.
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greg atkins

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Posted 1 month ago

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Rav, Community Manager

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Hi Greg,
You need to follow the process outlined in this guide to finalise the end of financial year reporting when using the STP app - 

End of Financial Year Finalisation with the STP app

If the figures in your EOFY report in the app are incorrect, you will need to adjust them to the correct balances prior to sending through the EOFY finalisation. This is only completed via the adjustment option in the app.

The reason I say that is, with the new EOFY finalisation feature in the app it will send through the figures displayed in the EOFY report and overwrite what the ATO has prior to this point.
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Helen Earl

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Hi Rav I have just submitted EOFY figures and after doing this I checked the final figures against my payslips and Reckon shows at least $1000 more in each employees EOFY report then me. I have checked every pay submitted against my payslips and the only discrepancy I find is 60 cents on one gross payment, I have checked to make sure every pay run has been submitted and done and they all have. I have already submitted a file via my payroll system to ATO so will the reckon figures overwrite that? How do I fix this now I have submitted it? My last pay run was 24th June so to adjust the figures do I use that date or can I use 30th June?

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Veronica

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Hi Rav: each of my entries is correct and ATO portal is correct however totals on summary aren’t. If I do an adjustment before submitting finalisation, will the end result be correct on the ATO portal? I don’t want to do an adjustment only to have the ATO portal be less than what it ought to be. Can you please confirm? Thank you
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Rav, Community Manager

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Hi Veronica,
Did you enter any initial YTD values for your employees when you first created them?
You can check/see this by opening the breakdown of each employee in the EOFY2019/20 report.

See my screenshot below for an example. It shows that I entered $500 for John Smith when I added him in the app. Check your own employees as well for this because the figures you see in the app are an accumulated total of ALL submissions regardless of their status ie. Success, Error, Pending etc PLUS any YTD pay balance that was entered for the employee when they were first set up.

To answer your question though, once you've corrected the balances in the app, then the EOFY finalisation you send will OVERWRITE all balances that the ATO have prior to that point. This means the ATO will receive the correct and full balances as your finalisation.


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Veronica

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Thanks Rav- no, no initial ytd values were submitted.  I will do an adjustment and then hopefully finalisation is correct.
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Ian Lee

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Hi Rav,
What if we have already lodged the STP for the final pay run for this financial year, BUT missed ticking the check box saying the this is last pay run for the financial year?
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Helen Earl

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Hi Rav I have just submitted EOFY figures and after doing this I checked the final figures against my payslips and Reckon shows at least $1000 more in EOFY report then me. I have checked every pay submitted against my payslips and the only discrepancy I find is 60 cents on one gross payment, I have checked to make sure every pay run has been submitted and done and they all have. I have already submitted a file via my payroll system to ATO so will the reckon figures overwrite that? How do I fix this now I have submitted it?

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Trevor

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Hi all

Is anyone having issues with the EOFY report in regards to Jobkeeper.

My annual prefilled report via The Reckon App has included the Allowance amount of Jobkeeper in the Gross Payment.

I am to believe it shouldnt be in gross and only show in Allowance

Thanks in advance
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Ian Lee

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Is this page actually monitored by a paid employee of Reckon???
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Rav, Community Manager

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Hi Ian,
Yep I do the rounds here, sorry I missed your question there are a lot flooding in at this time of year.

If you've already sent the final pay run but missed ticking the option that's fine, all you need to do is send the EOFY finalisation report. Ensure that you are updated to v1.13.0 of the STP app and follow the instructions here.
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Kris Williams

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Yes Rav is excellent, but there are 100’s of questions daily
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Rav, Community Manager

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Thanks Kris :)