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How to change a Contractor's Opening/Adjustment Taxation Balances.
How to change a Contractor's Opening/Adjustment Taxation Balances.
Select Payees from the side navigation menu.
Locate the Payee you require by manually scrolling through the Payee List, entering the name into Search or using Show Advanced Filters.
Once the Payee has been located, select Actions > Edit.
🎯 Edit is unavailable if the Payee is included in an unposted Pay Run. To edit the Payee, the Payee must either be removed from the Pay Run or the Pay Run must be posted/reported to the ATO.
Select the Taxation Balances Tab.
Select the required Financial Year.
Select the Opening/Adjustment Tab.
Select Voluntary Agreement.
Enter the Gross Payments Total for the current financial year.
Enter the PAYGW Total EXCLUDING any amounts attributed to Employment Termination Payments.
Select Deductions.
Select the required Deduction in Deduction Description.
Enter the Net amount.
Then select the Plus (Add) button to add the Deduction. Repeat the above steps until all Deductions are added.
Select Superannuation.
Enter the OTE (SGAA) amount.
Enter the SG Liability amount.
Enter the RESC (Sal Sac) amount.
Enter the RESC (Additional) amount.
Select Other Balances.
Enter the total Reimbursements amount that has been paid to your Payee.
Enter the Additional PAYGW amount which your Payee has repaid.
Select Save to save your changes.
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