Can I use more than one SPT program at the same time to report employee earnings? I currently have 4 employees under Xero and I want to put the 5th member on a separate STP program
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Hi @MichaelDaly
Yes, you can. Each payroll software has a "BMS Id" to identify which instance of payroll paid those amounts. It acts like a serial number for your specific version of the payroll product. You can see it in the Income Statement.
If you use a separate payroll software to pay the 5th member, that will have a DIFFERENT BMS Id and let the ATO know that you are paying them from a different payroll. That's it's purpose, as some payers use different products as part of their normal business operations, so we needed to distinguish the different payrolls in case you moved people between them.
It is really important to understand the requirements should you choose to MOVE YTD amounts between payrolls! ATO has some great STP2 employer guidance about that.
I hope that helps - Deanne
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Hi @MichaelDaly
Yes, you can. Each payroll software has a "BMS Id" to identify which instance of payroll paid those amounts. It acts like a serial number for your specific version of the payroll product. You can see it in the Income Statement.
If you use a separate payroll software to pay the 5th member, that will have a DIFFERENT BMS Id and let the ATO know that you are paying them from a different payroll. That's it's purpose, as some payers use different products as part of their normal business operations, so we needed to distinguish the different payrolls in case you moved people between them.
It is really important to understand the requirements should you choose to MOVE YTD amounts between payrolls! ATO has some great STP2 employer guidance about that.
I hope that helps - Deanne
Hi...I'm setting up a second low cost Payroll reporting software program, but the program seems to be warning that the ATO may 'double count' income if more than one product is used, viz:
Each payroll software is identified using a Business Management Software (BMS) ID. When you set up STP, the ATO are notified of your BMS ID.
If your business has previously reported via STP in the current payroll year using another MYOB or non-MYOB payroll software, when you set up STP in MYOB you must notify the ATO of the BMS ID of your previous software. Otherwise your employees' year-to-date (YTD) payroll information will be reported twice to the ATO, and no-one wants that...
....... snip.......
Transferring your BMS ID lets the ATO know you've changed payroll software, and moves your employee's year-to-date payroll amounts under your new BMS ID at the ATO end. If you haven't already, make sure you've entered your employee's pay history for the current payroll year into MYOB.
Its definitely ok to use a second one?
Thanks
Michael