Configuring accounts for payment types STP2

Payroll accounts, and where applicable, liability accounts, now have a new tab called STP2 in the account properties form.  The former Payroll tab has been renamed STP1.  Until STP2 is enabled, both tabs will display.  This allows users to compare the old and new settings.  Once STP2 is enabled, the STP1 tab will be hidden.  (If you want to view the STP1 settings after STP2 has been enabled, hold down the Ctl key when clicking Edit account on the account register).

The STP2 tab has been simplified.  There is a Payment type selector to select the type of payment the account is to represent.  Depending on the payment type selected, a payment sub type can be configured if required.  In this example, the payment type is paid leave and the sub type is cash out of leave in service.  There is an option to exclude payments to the account from OTE.  (All STP1 exclude from OTE settings are automatically migrated to the equivalent STP2 setting).

If a payment type is not configured for a payroll account, the payment will automatically report as the default (gross disaggregated).

Example account configurations

Click on the link below for instructions on how to setup and use the following accounts:

• Wages
  • Lump Sum E
• Leave
  • Annual Leave
  • Long Service Leave, Sick Leave, Parental Leave
  • Rostered Day Off
  • Purchased Leave
• Allowances
• Overtime
• Child support
• FBT
• Deductions
  • Workplace Giving
  • Union Fees
  • Other Deductions
• Salary Sacrifice

A Summary of payment and liability accounts and their STP2 coding is linked to this article.

Additional information to assist in setting up the accounts can be found on the ATO website here