Reckon adds payment summaries to online lodgement
QuickBooks Hosted users only at this stage.
Accounting software vendor Reckon has updated its Reckon GovConnect portal to allow QuickBooks Hosted users to lodge payment summaries online. The service used electronic forms created under the Federal Government's Standard Business Reporting (SBR) initiative which let businesses submit forms online directly to government departments such as the Australian Taxation Office (ATO).
The electronic forms automatically pulled information such as personal details and taxation data from QuickBooks Hosted and the ATO. The ATO validated the forms to ensure information entered by the user was correct before accepting the submission.
Accountants could submit payment summaries on behalf of clients and pre-lodge forms. Reckon added the feature at no cost.
"SBR forms an integral part of our drive to provide businesses, accountants and bookkeepers, with seamless ways to connect with one another, as well as other key stakeholders within the business ecosystem, such as government agencies. By harnessing SBR, Reckon GovConnect connects users directly to the ATO to submit payment summaries within the QuickBooks Hosted environment, with real time validation and feedback messages being sent by both parties," said Gavin Dixon, Reckon Business Division CEO, in a press release.
Reckon said it would bring payment summary lodgement to QuickBooks desktop users next year in the QuickBooks 2013/14 version. It planned to add more SBR-enabled forms such as the the Australian financial services licensee profit and loss statement and balance sheet before April next year.
Reckon claimed it was the first accounting software provider to release SBR-enabled software in a commercially available accounting software program last year, with QuickBooks 2012/13 offering BAS lodgement through Reckon GovConnect. A list of SBR-enabled forms that can be submitted using desktop and hosted versions of QuickBooks can be found here. http://online.reckon.com.au/Products/ReckonGovConnect/Forms.aspx
QuickBooks Hosted users needed an AUSKey to submit payment summaries and business activity statements to the ATO via Reckon GovConnect. Users will note the Reckon GovConnect option was available within QuickBooks when preparing submissions. Reckon has videos demonstrating the process at www.reckon.com.au/govconnect