have reversed a payroll and when I went to check in the single payroll reporting centre to make sure it was received by the ATO the amount is 0.00 I don't know why its not showing a negative amount.
Its showing a reversal in electronic payment but when I checked the activity summary the amount wasn't reversed from the employee
Hi vulcanogelato,
In the STP Reporting Centre, a reversal generally shows as a $0.00 adjustment. This is because it cancels out the original payroll in the system for reporting purposes. However, this doesn't necessarily indicate an error.
Since you've processed a reversal, the updated figures should reflect correctly in the Payroll Register and Year-to-Date (YTD) Verification Report. These reports are a more accurate reflection of what has been reversed for each employee.
Regards,
Sai
thank you for that, the original amounts and the reversals are now sitting in the electronic clearing account and I don't know how to clear that account
Hi vulcanogelato,
You can tick both the negative and positive payroll transactions in the "Prepare Electronic Payments" window to clear them. This way, you effectively offset the transactions against each other. For more info, check out this link.
Cheers,
Princess
I get the following message when I clicked the negative and positive amounts
Hi vulcanogelato,
I appreciate the screenshot provided. This will appear because the transactions are already reconciled. It's essential to note that this might impact your reconciliation report. I would recommend consulting with your accountant about the possibility of creating a dummy bank account for downloading the bank file.
Kind regards,
Shella
Since you've processed a reversal, the updated figures should reflect correctly in the Payroll Register and Year-to-Date (YTD) Verification Report. These reports are a more accurate reflection of what has been reversed for each employee.
