End of Financial Year FAQ's

RavRav Administrator Posts: 9,785 Administrator
edited August 27 in Accounts Business Range
Hi everyone,

The end of the financial year in Australia is right around the corner and we've put together a brief list of frequently asked questions that come up at this time of year.

If you've thought of something additional that might be useful, please feel free to share on this thread.


What is the End of Year Process for Reckon Accounts & Reckon Accounts Hosted?
Check out our video here for details on preparing for End of Financial Year with Reckon Accounts & Reckon Accounts Hosted


What is the End of Year Process for Payroll Premier?
Check out our video here for details on preparing for End of Financial Year with Payroll Premier


How do I upgrade to Reckon Accounts Hosted 2016?
Take a look at our video here for pointers on getting everything ready for the upgrade to Reckon Accounts Hosted 2016.


Where do I download the Tax table update for Reckon Accounts Business/Hosted and Payroll Premier?
Login to Reckon Member’s site > Download Software > Select your product > Next > you will have access to your software download, Installation Key Codes and the Tax Table Update under Additional Downloads


Reckon Accounts Hosted – How do I roll over my file at EOFY?
With Reckon Accounts Hosted, your file is continuous so there is no specific rollover process you need to complete. You can however choose to lock transactions to a certain closing date ie. End of the Financial Year

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What are the general end of financial year processes I should follow for payroll?
Take a look at our checklist here for a general outline to follow this EOFY for payroll purposes.


What steps do I need to take to ensure my employees have correct Payment Summaries and that I submit a correct Empdupe to the ATO?
Check out our KB article on preparing Payment Summaries and EmpDupe Files in Payroll Premier


I need to print the employee's Payment Summaries and send my EMPDUPE file to the ATO, what do I have to do?

Check out our KB article here for full instructions


Why are employees missing from Payment Summaries windows
Make sure if you are printing, the employee is set to have PAYG Summary printed and the same for Email.

Reckon Accounts Business
Go into the Employee record > Address and Contact > from “Preferred Send Form Method”

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Payroll Premier
Go to the employee card > Personal > Select the option under the Payment Summaries heading.


How do I enter the FBT amount for an employee’s Payment Summary?
Check out our KB article here for full instructions


Why does the EmpDupe file created by Payroll Premier show an amount for RESC that is not present on the Payment Summary?
The Payment Summary is correctly showing no amount for RESC. Check out our KB article here for more info.


From the full team at Reckon, we wish you a successful 2016/17 year!

Comments

  • Jono HarrisJono Harris Member Posts: 11
    edited February 2017
    Hi Rav, I have recently moved from Reckon on the desk top computer to Reckon Hosted. I havce done all the EOFY stuff and wondered how I save a back up version? When I went through the back up process through Reckon it used to let me back up onto an E: drive (my portable hard drive) but now it only gives me a B: drive. I backed up to B: drive but have no idea where that is....I assume it is Reckon's drive. I'd really like to have a copy for myself though. Any ideas would be appreciated. Regards, jono
  • RavRav Administrator Posts: 9,785 Administrator
    edited December 2016
    Morning Jono,

    You're correct, the B drive is a Accounts Hosted drive.

    To access this, use the Floating Toolbar > select the 'Download Files' option > select the B drive in the dialog box that opens > choose your backup file > Once downloaded save to an alternate location of your choosing.

    Check out our video on the Floating Toolbar here

    Let me know if you have any questions,

    Cheers
    Rav
  • Jono HarrisJono Harris Member Posts: 11
    edited July 2016
    Thanks Rav. I'll give that a go later today. Regards, jono
  • Jono HarrisJono Harris Member Posts: 11
    edited July 2016
    All good. Thanks for the tip Rav. jono
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