How to process PAYG Tax and Tax Payable on a single cheque in QuickBooks

Legacy KB ID: 1867

Question

How do I process my PAYG Tax and Tax Payable on a single cheque in Reckon Accounts?

Answer

In order to process a payment for your PAYG Tax and Tax Payable on a single cheque, follow the steps below:

  • From the Employees menu, select Payroll Taxes and Liabilities > Create Custom Liability Payments
  • Select the date range for the period you are writing the liability cheque for
  • Click OK
  • Make sure the Review liability cheque to enter expenses/penalties option is selected
  • Place a tick next to the liability you wish to pay i.e. PAYG Tax
  • Click Create
  • The Liability Cheque window will appear with the amount appearing in the Payroll Liabilities tab
  • Click on the Expenses tab to enter your Tax Payable amount
  • Select your Tax Payable account from the drop down menu and enter the amount. Note: The default tax agency (Australian Taxation Office) will appear in the Customer:Job column.
  • Click the Recalculate button to balance the amount
  • Click Save and Close

Need more help?

Ask the Reckon Community at: https://community.reckon.com/

Or Log a Support Ticket: https://www.reckon.com/au/support/

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