Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
TaxJolt(Initiate)Initiate
4 July 2022

I will explain with an example: As at 1 Apr 2022, Client has 100k debt in integrated client account which comprises of GST payable, PAYGW payable and PAYG Instalments.

They have entered into a payment plan to pay $1000 per week.

How much of these $1000 per week payments will count towards each type of debt? I'm interested in particular PAYG Instalment debt to calculate Franking account balance as at 30 June.

Thanks in advance.

2,598 views
4 replies
Liked by TaxJolt
2,598 views
4 replies

Most helpful response

Most helpful reply

StephATO(Community Support)Community Support
6 July 2022

Hiya @Badhon,


The system automatically attributes the payments. The payments are attributed to the oldest outstanding amount first, regardless of which role that is for.

All replies

Most helpful reply

StephATO(Community Support)Community Support
6 July 2022

Hiya @Badhon,


The system automatically attributes the payments. The payments are attributed to the oldest outstanding amount first, regardless of which role that is for.

Top liked users

  1. Bruce4Tax

    (Taxicorn)

    42 likes

  2. PayrollDeanne

    (Taxicorn)

    34 likes

  3. Peter_Clyne

    (Superuser)

    28 likes

  4. YellowPotato

    (Taxicorn)

    7 likes

  5. qak

    (Enthusiast)

    6 likes

Top contributors

  1. PayrollDeanne

    (Taxicorn)

    100contributions

  2. Bruce4Tax

    (Taxicorn)

    85contributions

  3. Peter_Clyne

    (Superuser)

    29contributions

  4. Mala14

    (Superuser)

    22contributions

  5. YellowPotato

    (Taxicorn)

    21contributions

Loading
How to allocate payment plan instalment towards PAYG Instalment, GST and PAYGW? | ATO Community