Subcontractors & Taxable Payments
Just wondering if anyone has any recommendations that will work for my client. The client is using AR 2019 with Payroll. They have 1 subcontractor only and currently no employees. Subcontractor has been with them for probably 10 years +. Subcontractor gives her a Tax Invoice (GST Registered) each month. From the invoice my client wants to accrue SGC and contractor wants to sacrifice part to Super. As far as I can see, subbie is really an employee but I''ve had a real tussle with subbie's accountant who absolutely insists he must to paid as a subbie. So, having said that I setup a procedure to help the bookkeeper record the subbie's payment via Spend Money. This worked fine for the bookkeeper, however Taxable Payments report does not balance with the General Ledger account and is out of balance by exactly the Super Sacrifice. Has anyone got any other data entry ideas? A new bookkeeper is coming on board next week and I'd like to implement a new procedure which is alot easier than this. The attachment shows the SPEND MONEY screen, but please ignore the Memo where I've type 9.25%. This spreadsheet was created awhile back and since I've had the bookkeeper change SGC to 9.5%. I'd greatly appreciate any other ideas.Solved1.8KViews0likes4Comments