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I agree with me too Kris. I won't use "fast " coding.

Just to clarify, Salary Sacrifice amounts (Super or otherwise) should DECREASE from the gross salary amount label & be shown at RFB (or RESC, if Super) instead, NOT display in both.

I’m hoping that advice has just been poorly communicated to you because if the accountant is telling you the SS amount should be shown at both, I can categorically say that is definitely incorrect & will have significant dire tax liability consequences for the employee - The complete opposite of the purpose of SS! 😳

The term “Salary Sacrifice” means just that - To sacrifice an amount, for a tax benefit. This is achieved by “sacrificing” that amount from the gross salary to reduce the employee’s overall tax liability.

I agree with Zappy, automate as much as you can

Julie Hi

You arent going to like this. I don't use "fast coding". There's no need. If you know how to set up rules in Hosted, it can do about fifty percent of the work for you. Fast coding is not really a short cut. Call me if you wish to discuss.

Zappy 0407744914

That’s great, a relief I’m sure

The information Chuck has provided is in the Help files in Reckon. I understand nobody reads them. I must be a bit of a geek.

Hi Zappy,

Thanks for the honest feed back. I think personally I am finding the memorised trasnactions the best help. Privously I had used BANKLINK with MYOB through my accountant. It was a breeze. This is very clunky!! for want of a better word. I have got duplicated transactions and cant' see who the payee is in the register. Very annoying. I think Ill stick to the old fashioned method!

Under Employees>Tax Table Info

Tax File NumbersThe tax file number, as shown by the employee on his/her Tax File Number Declaration is entered in the Tax Reference Number field. This field can be found by going to Employees>Payroll Info>Tax Details. The data in this field is also shown in the Tax No field within the Employees>Address Info> window. Input and editing can be done in either field. There are some cases where the employee does not provide a tax file number. The rules below explain what is required under these circumstances.

000000000 :

Enter this number in cases where the employee does not provide a tax file number. It is necessary to select the 4-NoTFNr or 4-NoTFNn tax code and enter nine zeros in the Tax Reference Number field.

111111111 :

Enter this interim code in cases where the employee has applied for a TFN. This code would usually be updated with the employee's TFN when it becomes available. If the employee does not provide a TFN within the 28 day period allowed, it becomes necessary to enter 000000000 to signify that the employee has not provided a TFN.

333333333 :

This code is used for employees under the age of eighteen who earn:

• $350 or less weekly, or
• $700 or less fortnightly; or
• $1517 or less monthly;

Such employees are able to claim an exemption from quoting a TFN.

444444444 :

Use this code for an employee who is a recipient of a social security, service pension or benefit (refer to Centrelink and/or ATO for more information). These employees can claim an exemption from quoting a TFN.

987654321 :

In the event that the employee includes a non numeric in the tax file number, the code 987654321 must be used in place of the quoted TFN. This code must also be used where the TFN quoted exceeds the mandatory 9 digits.