can one employee have two super accounts ?

Deb_8351604
Deb_8351604 Member Posts: 17 Reckoner Reckoner
edited October 2024 in Reckon Accounts (Desktop)

I have a new employee who wants the bulk of their super to go to one super fund and sal sacrifice some to go to a different super account.  How can I set this up ?

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,216 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2019
    Hi Deb

    Salary Sacrificed Super is not the same as the standard employer super (SGC)
    Unlike SGC, SS amounts are deducted from the employee's gross pay - reducing the PAYGW amount - to obtain a tax benefit.  This is classified as Reportable Employer Super Contributions (or RESC) & needs to be configured correctly for both the PAYGW tax & RESC to calculate & report accurately.
    You need to set up a Salary Sacrifice Payroll Item for this additional fund.  You can specify a % or fixed $ amount on the employee's record.
  • Deb_8351604
    Deb_8351604 Member Posts: 17 Reckoner Reckoner
    edited September 2019

    Thanks Shaz - so it can be done though ?  I have set up both before for different employees but not had this problem with one employee wanting both.  How do I best set it up.  The Employee card only seems to have provision for one fund.
  • Acctd4
    Acctd4 Accredited Partner Posts: 4,216 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited August 2018

    Yes, you can add as many Super Payroll Items as you like to an Employee's record.

    In their "Super Details" section, just enter/add the SS Payroll Item on to the next line in the "Item Name" box (under their existing Super Payroll Item)


  • Deb_8351604
    Deb_8351604 Member Posts: 17 Reckoner Reckoner
    edited August 2018
    Of course it seems so obvious now !
    Thanks so much.
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