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Reckon Payroll update! ✨ 2024/25 tax tables & more!
Reckon Payroll has received an important update yesterday for the upcoming 2024/25 financial year. Check out the the inclusions of the latest update below!
🆕 2024/25 Tax Tables
The required tax changes for the 2024/24 financial year have been implemented in Reckon Payroll. Any pay runs you create with a pay date of 1 July 2024 or later will automatically use the 2024/25 tax tables.
🆕 Super Guarantee updated to 11.5%
The statutory super guarantee rate has increased from 11% to 11.5%. Any pay runs you create in Reckon Payroll with a pay date of 1 July 2024 or later will calculate super guarantee at the new rate.
🆕 'Copy pay items from last pay run' improved
The copy pay items from last pay run feature has been enhanced to better handle super guarantee.
When creating the first pay run of the new financial year using copy pay items from last pay run, the current super guarantee rate will be applied rather than the rate from the previous pay run.
We have also ensured the super rate type for other super items copied from the previous pay run hold the relevant percentage or fixed amount.
🆕 'Other' deductions in the EOFY finalisation
Any deduction item type that is set to Other and where 'deduct from gross before calculating withholding' is not enabled is not reported to the ATO in Single Touch Payroll submissions. The EOFY finalisation screen has been corrected to not show balances for these deduction items.
The EOFY finalisation screen will only show balances that are reported to the ATO under Single Touch Payroll. For more info on reconciling your EOFY please see our post here.
Rav
Re: Log off - undefined
Hi @Lyn_10072495 ,
Awesome to hear! If you do however encounter this issue in the future, please reach out with a screenshot if possible.
Thank you and have a lovely day.
Cheers,
Lucas
Lucas
Re: Log off - undefined
Thanks Lucas. The problem seemed to be short term. All is good now.
Cheers
Lyn
Log off - undefined
Is there an issue today with the logging off process? One of our users gets the undefined message from the Control panel and cannot log off with the system just churning?
Re: EOFY Report not including some terminated employees prior to STP 2 upgrade
oh ok @Rav. You know best. I am glad I asked before doing!
At least I can get the final pay run for current employees done and balanced. Wait for the fix then do the EOFY finalisation report etc.
Libby
Re: Accrual per pay stopped working
Hello Rav, oh my !! yes that fixed it. You cannot have 0.00 in the maximum accumulation field, you have to back space the 0.00 completely out of the cell. That's a trick to be aware of !!!
Thank you - we sorted it anyway, I will just need to go in to all employees and back space the 0.00 out of that cell for all leave.
FYI - The leave loading cell won't let you continue if it is 0.00, you have to actually back space it out to be able to continue!! Maybe the team can change the maximum accumulation cell to be the same and not be able to leave 0.00 there.
Thanks again - Gayle
Re: Book name it is greyed out and cannot proceed
Morning @DanellaMcLeod
Can you please check the Branch Number in Reckon One - Settings
Once you have that added, you should be able to do the process for Phase 2. Please let us know how did you go. Thank you!
Regards
Tanvi
Re: Customer Feedback Focus for Reckon Payroll 😊
Thanks for the info @JANE_9714211
Our dev team have got a ticket open for this following both of your reports and are working on addressing this at the moment. Fingers crossed its not too far off but I'll keep you posted 🙂
Rav