There are 3 steps you should follow to work out how to report allowances in STP Phase 2:

1. Identify whether the amount is a reportable allowance.
2. Identify whether the allowance needs to be disaggregated.
3. Identify the purpose of the allowance.

e-PayDay Go is designed to meet the ATO and Fair Work requirements, offering customisable settings to ensure compliance.

The Allowance Record contains three sections:

1. Allowance Details - allows the entry of the Description, $ or %, etc.
2. Taxation - contains the specific STP reporting rules.
3. Superannuation - determines if OTE (Ordinary Time Earnings).