Read on for legislative product news with particular attention to PTA Roadmap after recent QBCC Audits.
STP2 is code-complete and is now in Extended Conformance Testing Phase with the ATO as we run through full scenario testing for whitelisting. As soon as documentation is tested and ready we will distribute, as there will be some data preparation for you to do before you can activate STP2. Our Guide will take you through the transition steps when the time comes. You will have until June 30th to make the switch and begin submitting with STP2. Status – On Target
NZ EOFY Payroll Updates Annual Leave accruals will be converted from display in hours, to display in weeks, on the Employee Accrual Report, Employee Accrual Maintenance & Payslips. Agreed normal hours per day and normal days per week will be maintainable in the employee maintenance facility. Leave entitlement calculation will convert leave accruals in hours, to weeks, using the normal days per week and normal hours per day. There are also changes to the tax rates for 2022 – 2023. We will include more detail in the Release notes for our R1 release of 2022 currently targeted for March 20th. Status – On Target
eInvoicing by Peppol features are tracking well towards Beta Release for both AP and AR. These new features will allow our customers to connect to the eInvoicing network where they will be able to both push and pull invoices. We will be using OZEDI as our eInvoicing Gateway when released. This legislation comes into play on 1st July 2022 for Government Projects on the AR side. ie if you are doing work for government agencies after July 1st 2022, they will be expecting you to invoice electronically via the Peppol framework. Status – On Target
PTA Compliance Roadmap and recent QBCC Audits. We are aware of the recent QBCC audits of our customers doing work in QLD, in terms of their ability to comply now, and in preparation for 2023 at which time the conditions for qualifying projects will broaden. We are working with a number of our customers on the QBCC findings in relation to compliance. With this in mind, I wanted to ensure you are up to date with our Roadmap plans for 2022 in this regard. For our first Release of 2022, we are targeting the release of our new Multiple Prompt Payment batches feature for PTA Projects. This feature will allow customers to review Payment Selections by Project and prepare multiple prompt payment batches in parallel linked to the relevant PTA cash accounts. It will be possible to then complete a single Payrun including multiple pre-prepared payment batches, spanning multiple cash accounts, all in the one run. This will be the next phase in streamlining the payment administration for PTA projects. But we are not stopping there. The existing PTA Reconciliation Report (which the QBCC likes) will be expanded to enable you to prepare a monthly compliance reporting pack covering the 4 recommended reporting requirements from the QBCC. From there we will streamline further with roadmap items such as “True-Ups that generate ABA files” and add more “intelligence around the creation of payment batches” and “optional conditioning around separate Retention Releases.” We will continue to work with our customers and communicate throughout this year to expand on compliance productivity tools for PTA’s. Further updates will be provided in our next Release Webinar currently set for Mid March
Kind Regards
Andrew
