Workers Compensation & STP Finalisation
I am currently trying to finalise a client's payroll. When I have prepared the reconciliation I note that 2 employees have received wages through workers compensation. The payroll item has been alloc...
Forum Discussion
Hi Dorreen
I thought this issue had resolved itself but it has come up again :(.
The client has contacted me regarding the income statement for one of the employees affected by the workers compensation payments. The gross wages reported on the employee income statement is less the amount of workers comp paid to them.
Then when I review the verification report the gross payments are different by the amount of workers compensation paid ... AGAIN.
Gross payments as per STP verification $7,242,455.02
Gross payments as per MYOB payroll $7,275,916.05
Will this affect the finalisation and do you have any ideas how we can fix this to not change going forward.
Any help is appreciated.
Hi, marie79
Thanks for getting back to us for further assistance.
Since we were able to confirm that the payroll category Worker's Compensation has an ATO Reporting Category of Gross Payments. At this point, we highly recommend undoing the finalisation. Also, just to make sure, kindly double-check that Worker's Compensation is assigned to the correct ATO Reporting Category. Once done, send update event for the impacted payroll year, check the reports again and then redo the finalisation.
Please let me know if you require further assistance with this.
Best regards,
Doreen
