Reckon – Single Touch Payroll – STP – reporting in Reckon One – Accounts Hosted – Accounts 2018

Single Touch Payroll – STP – reporting in Reckon One – Accounts Hosted – Accounts 2018

We wrote the other week all about what Single Touch Payroll (STP) Reporting is about, and what the ATO tells us.

Reckon, an Australian company, is a popular accounting software for many small & medium businesses.

Here is how they are preparing for STP, from the Reckon and STP single touch payroll page –

We’re supporting STP across our online and desktop range. The following products will be ATO compliant by 1 July 2018*:

• Reckon One;
• Accounts Hosted;
• Reckon Accounts 2018 version onwards;
• Payroll Premier 2018/19 version onwards.

We’ve developed a new application called GovConnect STP that will make meeting your STP requirements quick and easy. GovConnect STP acts a gateway to the ATO enabling you to view and lodge your STP reporting no matter what Reckon product you use.

✓ Lodge directly to the ATO
✓ Review before you submit
✓ No extra cost

✓ ATO status messages
✓ Review past submissions
✓ MFA secure

Single Touch Payroll Checklist

Reckon also have a created a checklist with some important questions to consider to help you get prepared for STP. Sign up to download.

And from the Reckon Community, Rav the Community Manager, explains further detail –

1. You won’t need to do anything other than upgrade to the latest version of Reckon Accounts Hosted which will be released in June.
2. No, we are not using an intermediary to lodge.
3. There is no additional cost to lodge using SBR through Reckon Accounts Hosted.
4. Users cannot do testing. All data transmitted through the service will be seen as live data as the ATO does not have a mechanism to set a lodgement as test data (aside from their test service which is for development use only and uses specific data).

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DOWNLOAD a FREE “Bookkeeping Quarter Checklist” to get organised! CLICK HERE

Or ask a question – Email info@accountkeepingplus.com.au or call 0407 361 596 Australia