Payment Summary Reports

There are five basic Payment Summaries:

$image\bullet.gif$ Payment Summary – Individual Non-Business, and the

$image\bullet.gif$ ETP Payment Summary

$image\bullet.gif$ Payment Summary – Voluntary Agreement

$image\bullet.gif$ Payment Summary – Labour Hire and Other Specified Payments

$image\bullet.gif$ Payment Summary – Withholding where ABN not quoted.

Printing Payment Summaries

Payment Summaries must be printed and given to employees by 14 July after the end of the financial year. This applies to continuing employees and any employees who have left your employment during the year. However, you must issue a Payment Summary to a terminating employee within 14 days:

$image\bullet.gif$ After an eligible termination payment is made, or

$image\bullet.gif$ Where a terminating employee requests in writing that you issue them with a Payment Summaries.

In addition, you can also issue interim Payment Summaries at any time of year (except during the last 21 days of June) for staff that are still employed. For example, employees may require Payment Summary details to complete their quarterly Activity Statement.

For full details, see Printing Payment Summaries.

Print Payment Summary – Individual Non-Business

This payment summary is the most commonly used payment. You can print and electronically file the summary.

Print ETP Payment Summaries

The ETP Payment Summary prints automatically when you terminate an employee and the employee receives Eligible Termination Payment payments. The ETP Payment summary can also be electronically filed.

Normally, the ETP Payment Summaries are printed when you terminate the employee through the Termination Wizard. If for some reason the report didn't print at that time, or if you need to print the report again, you can print it through the Reports Window>Print ETP Payment Summaries.

Print Payment Summary – Voluntary agreement

This summary is used when an employee enters a Voluntary Agreement to have tax withheld from payments .Tax will be withheld at the payee’s instalment rate as notified by the ATO or at a flat rate of 20 percent.

The contractor can choose between having tax withheld under a voluntary agreement, or making his/her own PAYG instalments on a quarterly or annual basis.

Print Payment Summary – Labour Hire and Other Specified payments

Labour hire rules apply if you are a labour hire firm and you contract out a contractor to provide a specified kind of labour. In this case, you don't contract to perform the work—you merely contract to provide someone to work under the direction of your client.

Print Payment Summary – Withholding where ABN not quoted

Any business that supplies to another business and does not quote a valid ABN number is subject to having 48.5 percent of the payment withheld by the payer and sent to the ATO. The business will then be able to claim the amount withheld as a credit on their income tax at the end of the year. Use this payment summary to report those amounts.

This section provides you with several reports for your Payment Summary needs. You'll find it easier to follow the steps provided in Elite Payroll's Tour Guide.

Return To Default

Selecting this option changes the Payment Summary back to its default layout. You should only use this option if you have modified the Payment Summary to the point that it no longer makes sense.

Print Payment Summary Deduction Report

Selecting this option will print a report for each employee. This report lists all deductions the employee has received throughout the year and the total for each deduction.

Print Reconciliation Statement

This report compares the amounts paid to the ATO to the amounts showing on employee’s payment summary. His report compares the amounts paid to the ATO to the amounts showing on employee's payment summary and helps you to reconcile your PAYG amounts to ensure that payment summaries agree with the company accounts.

Print ATO Approval Letter

This is a copy of the approval letter received from the ATO. It confirms that the electronic Payment Summary information, EmpDupe file, supplied by Elite Payroll has been tested by the ATO and is correct.

Print ATO Plain Paper Approval

This is a copy of the approval letter received from the ATO. It confirms that the plain paper Payment Summaries print in an approved format.

Print Magnetic Media Information form

This is a copy of the form that must accompany your EmpDupe file to the ATO. Make sure that all details have been filled out correctly.

Create EmpDupe file for ATO

Selecting this option provides you with an EmpDupe file. This file is placed into the folder where you installed Elite Payroll Usually this folder is "C:\Program Files\ Elite Payroll" and the filename is EmpDupe. For details see Create EmpDupe File