Forum Discussion

Mylene's avatar
Mylene
Experienced Cover User
3 years ago

STP2 Deduction Categories

I'm transitioning to STP2 and don't know which category to assign these 2 Deductions to. The options in the drop-down menu don't seem appropriate.   The categories were created to deduct additional...
deductions category
STP2
  • ChrisMYOB's avatar
    ChrisMYOB
    3 years ago

    Hello Mylene 

     

    Thank you for your post. 

     

    Generally, if the deduction that you have set up doesn't fall under one of the categories listed it will be "Not reportable" 

     

    Please have a look at our Help Article on assigning ATO reporting categories which have a fantastic table listening to what each category is used for. If you are still unsure which one to set it as I would suggest speaking to your financial advisor. 

ChrisMYOB's avatar
ChrisMYOB
Former Staff

Hello Mylene 

 

Thank you for your post. 

 

Generally, if the deduction that you have set up doesn't fall under one of the categories listed it will be "Not reportable" 

 

Please have a look at our Help Article on assigning ATO reporting categories which have a fantastic table listening to what each category is used for. If you are still unsure which one to set it as I would suggest speaking to your financial advisor. 

Mylene's avatar
Mylene
Experienced Cover User
3 years ago

Thanks Chris.

 

I've set them to Not Reportable. My accountant recommended the same.

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.