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MoneyMatters1
Level 1
posted
‎March 24, 2022 01:50 PM
last updated ‎March 23, 2022 7:50 PM

STP Phase 2

How can I tell if a client is now using STP Phase 2?
1. There doesn't seem to be anywhere that I can see in the system that shows us what phase they are in.
2. Also in the review pay category section all categories except what looks to be ordinary hours has a category. Ordinary hours seems to just say "default" there is no explanation of this anywhere in your notes or tutorials that it would just say default I was under the impression with the ATO that there should be a category that says Wages & Salaries. Can I have confirmation that this is what your "default" category is for this pay category.

3.Upon resignation now a reason will need to be entered. I can see where this has to be done. Have put in a reason and saved it. With a message it has been saved but when you go back into the client. There is no acknowledgement of this and still only shows the termination date. This could lead to clients thinking they haven't done it and continually doing it or not doing it at all as there is no information that shows under their employee tab except the date of resignation or am I missing it?
Hopefully someone can help.

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1 Comment 1
IntuitSheila
Level 8
‎March 24, 2022 03:41 PM

STP Phase 2

Hi MoneyMatters1

 

I understand your part about any indication in the payroll settings if a client is on STP Phase 2 or not. We encourage customers to review and assess based on their business and clients businesses needs. The biggest change about STP Phase 2 is the additional reporting requirements of employee and earnings data. The essential changes are as follows:

 

  • Update Pay Categories
  • Update Leave Categories
  • Update Deduction Categories
  • Review Employee Tax File Declaration Information

Once all the above has been updated accordingly in the payroll settings and before lodging your first pay event using Phase 2 reporting will help notifying ATO to validate the data that they will be transitioned over to STP Phase 2. 

 

With regard to the payment classification, Default classification is set if an earnings or category do not require a specific classification. Also, I'd recommend checking this article to learn more about the List of payment classifications and what the mean. 

 

As for the recording a termination  of an employee, at the moment what will show is the termination date and the termination reason. To view the termination reason for each employee, you can check it under the Employee's Details or run a Employee details report or  Employee Audit Report in the Employees tab > Reports.

 

You can check this link to learn more about Single Touch Payroll (STP) Phase 2 Hub.

 

Feel free to message us back if you need any help with QuickBooks Online. Have a great day!

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