STP and Payroll Summary show the same payroll data in different ways. Payroll Summary shows one "Gross Taxable" total, while the STP report splits taxable payments across severtal STP categories. If PAYG tax matches between the two reports, the gross taxable figure often reconciles once the STP categories are calculated correctly.
How to compare the reports
Payroll Summary Gross Taxable should be compared against the relevant STP taxable payment fields:
+ OTE Gross
+ Bonus commissions
+ Directors fees
+ CDEP payments
+ Leave amounts
+ Allowance amoounts
+ Termination amounts
+ Lum Sum amounts
- Salary Sacrifice
= STP comparable taxable gross
An example may show:
| OTE Gross | $48,250.00 |
| Overtime | $2,180.50 |
| Bonus Commissions | $1,500.00 |
| Directors Fees | $0.00 |
| CDEP Payment | $0.00 |
| Leave | $3,240.75 |
| Allowances | $420.00 |
| Taxable Termination | $0.00 |
| Lump Sum | $0.00 |
| Less Salary Sacrifice | ($5,200.00) |
| Comparable STP Gross Taxable | $50,391.25 |
| Payroll Summary Gross Taxable | $50,391.25 |
| Difference | $0.00 |
My numbers are not lining up?