Payg tax withheld has changed on the bas for the last 3 qtrs, the employee pmnt summary figures are

Juanita Michelic_9933993
Juanita Michelic_9933993 Member Posts: 8
The payg tax withheld has changed on the bas for the last 3 quarters, however the employee payment summary figures are still correct. Why would W2 figure change on BAS. Thank you.

Comments

  • Deepak Gyawali
    Deepak Gyawali Reckon Staff Posts: 61 Reckon Staff
    edited February 2020
    Hi Juanita,

    Thank you for your post. Do you have the correct selections made for other current Assets and liabilities account? You can check this by clicking on W2 on BAs form. Please also see this article

    hope this helps.

    Kind regards,

    Deepak




  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2020

    Hi Juanita

     

    The amount at W2 is being picked up from the PAYGW account itself.

    Therefore, this discrepancy can also occur if you have posted any entries to this account (eg debt repayments etc)   If this is the case & you have determined the correct amount is different, you can override the amount shown by entering the correct figure in that box.

     

    NOTE: Make sure you have clicked on the “Config” button at the bottom of the BAS screen & checked the selections on EACH tab as the PAYG WH tab may not be set to the correct period.

     

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,131 Accredited Partner Accredited Partner
    edited June 2020
    Hi Juanita - I ALWAYS advise clients to TYPE in the AMOUNT for W2 - the BAS labels all pick up the movement in the account for the period (as explained by Shaz above)... whereas you want to enter the total for W2 as per the Payment Summary report for the period.