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eivalicabinets's avatar
eivalicabinets
Experienced User
6 months ago

EOFY Finalisation - YTD verification report and Payroll Summary reports do not match due to a non reportable wage item. Is this acceptable?

Hello,   I am doing EOFY Finalisations. There is a wage item for an employee that is "staff reimbursements" for a busines purchase they made that I've reimbursed them for. I believe I set this up p...
EOFY
  • Doreen_P's avatar
    Doreen_P
    6 months ago

    Hi eivalicabinets

     

    If the YTD Verification Report doesn't match the Payroll Summary Report is because all the wages that are reported as Gross Payments will only show in YTD Verification Report. Under EOFY Finalisation tab, against the employee name there is three dots there that will show the Individual Summary Payments as the breakdown of other pay items that is not reported as Gross Payments. If you add these Gross YTD to the Verification Report, everything should match. Let me know if you need more assistance with this.

     

    Best regards,

    Doreen

eivalicabinets's avatar
eivalicabinets
Experienced User

Hi Doreen,

 

Thanks so much for your fast response.

I added the gross payments from each employee's Individual Summary Payments and the value matches the subtotal of "Total Payments" and "Total STP Taxable Wages" in YTD Verification Report. It does not however match the "Salary and wages" subtotal in the Payroll Summary Report (The Salary and wages subtotal includes the non-reportable reimbursement amount).

 

This is so incredibly confusing but am I correct in believing that I can proceed with EOFY finalisation from here as the extra amount shown in the Payroll summary report was non-reportable and therefore will not show in YTD verification report total?

JenSz's avatar
JenSz
6 months ago

From her response to my question below - it sounds like we are fine to proceed with finalisation.  It seems like they have not worded their instructions for finalising payroll accurately :-/

It seems like as long as the Gross Payments subtotal matches, you're good to go.

  • eivalicabinets's avatar
    eivalicabinets
    Experienced User
    6 months ago

    JenSzThe way they've worded it has made it very confusing, you're right! Hopefully it is all okay as I am going to proceed with EOFY Finalisations (I am not completely convinced haha).

    • JenSz's avatar
      JenSz
      6 months ago

      eivalicabinetsI spoke to our accountant yesterday afternoon and he confirmed I can proceed with EOFY finalisations :)

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