how do i record a payment to the ato that consists of payroll tax and gst

  • 1
  • Question
  • Updated 2 years ago
  • Answered
I create a custom payment through payroll liabilities and tick tax, but when I go to the expenses tab to add in withheld and paid to tax office, and to add another line for the gst instalment, I get a warning pop up that says I should make the payment through payroll liabilities, and takes me back to the same screen again.
Photo of Bernie

Bernie

  • 90 Points 75 badge 2x thumb

Posted 6 years ago

  • 1
Photo of Hoang

Hoang, Alum

  • 922 Points 500 badge 2x thumb

Hi Bernie,

Welcome to the Reckon Community.

Unfortunately you will need to pay them in two seperate transactions, to pay for payg tax you will need to go to Create Custom Liability Payments.

To pay your normal GST tax, please go to Suppliers > Tax Activities > Pay Tax.

Regards,

Hoang

Photo of eveline prisanti

eveline prisanti

  • 60 Points
Hi Hoang,

my business has a carried forward payment plan to the ATO, should I just record it under expenses?
thanks in advance
Photo of Graham Boast

Graham Boast, Accredited Partner

  • 11,764 Points 10k badge 2x thumb
Hi Bernie

When you create the liability cheque, it should automatically place an amount on the Payroll Liabilities Tab.

Move to the Expenses Tab and add in the GST component using Tax Payable account.  Just ignore the message that comes up.

Press the recalculate button at the bottom of the screen to recalculate the total cheque amount then record.

In summary, the PAYG amount should be on the Payroll Liabilities Tax and the GST should be against Tax Payable on the expenses tab

Graham
reckonhelp.com.au



Photo of Sheryl White

Sheryl White

  • 94 Points 75 badge 2x thumb
Hi Bernie, I have always entered my tax payments the way you suggest, but the total amount at the top of the expenses tab reverts back to zero after I save the payment and it doesn't deduct any amounts of the total amount owing in my tax liability accounts. What should I do? Regards Sheryl
Hi Graham,
I've been attempting to pay the PAYG through Create Custom Liability Payments but 1.  I cannot find the payment when I reconcile my bank account through which I applied the payment to come out of.
2.  Like Sheryl's above comment my payment doesn't appear to be deducted from total amount owing.   Your comments would help.  Thanks

This conversation is no longer open for comments or replies.