Forum Discussion

MCM's avatar
MCM
Experienced Cover User
4 years ago

TPAR Report

I am going through to make sure all contractors are in my TPAR report and I noticed that some are missing even though the box is ticked in their contact card to report taxable payment. Can someone adv...
TPAR Report
  • gavin12345's avatar
    gavin12345
    4 years ago

    Hi MCM 

     

    One possible cause could relate to timing. TPAR Reporting is on a cash basis, MYOB invoices are usually on accrual basis. The TPAR report should include suppliers 'paid' during the nominated period. So if supplier invoice in your MYOB is dated 28 June 2020 and they were paid on 27 Jul 2020, this supplier will not show in the 2020 TPAR but should show in the 2021 TPAR.

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User

Hi MCM 

 

One possible cause could relate to timing. TPAR Reporting is on a cash basis, MYOB invoices are usually on accrual basis. The TPAR report should include suppliers 'paid' during the nominated period. So if supplier invoice in your MYOB is dated 28 June 2020 and they were paid on 27 Jul 2020, this supplier will not show in the 2020 TPAR but should show in the 2021 TPAR.

 

Regards

Gavin

MCM's avatar
MCM
Experienced Cover User
4 years ago

Thank you so much!

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