Report wages on Pay Period Ends rather than Payment Date

Larissa_7048652
Larissa_7048652 Member Posts: 36 ✭✭
edited July 2020 in Accounts Hosted
Hi
Is it possible to run reports using wages Pay Period Ends rather than Payment Date if they are different?

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2020
    I don’t believe so, which is why I make my pay end date the same as the payment date, otherwise it plays havoc sometimes with super calculations when I’m trying to double check all my figures
  • Larissa_7048652
    Larissa_7048652 Member Posts: 36 ✭✭
    edited July 2020
    Thanks Kris for taking the time to answer my question.
    I have a situation where a payroll week and reporting week for a client finishes on Saturday but we pay wages on Monday.  This does not work for STP purposes as sometimes it straddles 2 months (like last weekend were Saturday was the 31st of August but Monday was the 2nd of September).
  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2020
    I agree entirely and that is why I change the pay date to pay end date. I know this is incorrect but it’s the only way I can be sure super reports are correct. I do accept that it works the way it’s supposed to but I find it confusing
  • John Graetz
    John Graetz Member Posts: 1,651 ✭✭✭
    edited September 2019
    Larissa.  Why do you believe that it does not work with STP?  Are you receiving some sort of error message?  It is not uncommon for pays to be paid on a date later than the end of the payroll period.  In fact, there have been many warnings from the ATO about the fact that the payroll end period does not represent the payment date.  This is particularly relevant at the end of the year when some entities have a pay period end date of say 30th June, but the payment is made on 1st July which means that the payment is included in the next financial year, because the date of payment is what dictates things.  On that basis, I find it hard to believe that STP is not accepting such a submission e.g. the very example which you provided.
    To support what I am saying, I had a pay which ended on 28/6/2019 which I paid on 1/7/2019 and I had absolutely no problem with my STP lodgement.  In fact, I just checked my STP lodgements and the total gross for an employee for the year to date is representative of the dates of payment for this financial, even though the first payment for the year had a pay period end date of 28/6/2019.
    John L G
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019

    Just to confirm & reiterate further ... as per John’s advice, wages are only reportable/applicable upon actual payment (pay date) & - in turn - associated liabilities (eg Super & PAYG) are also only generated at that same point (upon payment). 

    As John stated, the related pay period is of no relevance in terms of declaration/reporting & payment.

     

    I never recommend having the Pay Date on or before a pay period ends as this means paying in advance & one needs to know the correct & complete hours worked per employee beforehand. 

    If additional hours are worked or time off is taken, this then can (& often does) mean an employee can be under/overpaid requiring unnecessary & messy adjustments afterwards to correct. 


    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!)
  • glendaveale
    glendaveale Member Posts: 176 ✭✭
    edited September 2019
    I agree with Shaz completely.