During the End of Financial Year process, businesses are required to reconcile items reported and paid to Inland Revenue to ensure everything has been reported correctly.
The IR Reconciliation Report can be found under the IRD reporting menu. The report can be filtered by date range, pay schedule, location, or employee. The report can be filtered by employing entity, if this has been set up.
This article outlines the following:
- Fields included in the IR Reconciliation Report
- Filter the report by date range
- How to run and/or download the report
Getting started
The report includes all the components that are reported to IRD via payday filing, including the taxable earnings for each employee. All columns except the taxable earnings are totalled at the end and this total should match the totals reported to IRD. The following fields are included:
- PAYE
- Student Loan
- Child Support
- Employee KiwiSaver
- Employer KiwiSaver (Net)
- ESCT
- SLBOR
- SLCIR
This report will show the totals of each month, but the Pay Run breakdown can be included if required. To do this, select the Include Pay Run Breakdown checkbox.
The date range gives you a number of options to choose from such as Financial year or Last financial year or you can choose a custom range.