I can’t get ESCT amount when doing payroll with Reckon account hosted?

Shanlin
Shanlin Member Posts: 12 Novice Member Novice Member
edited October 2024 in Accounts Hosted

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  • Neil_6428218
    Neil_6428218 Reckon Alumni Posts: 88 Former Reckon Staff Member Former Reckon Staff
    edited August 2019
  • Shanlin
    Shanlin Member Posts: 12 Novice Member Novice Member
    edited November 2018
    Can the software automatically do the ESCT rate? as it should be the rate as PAYE, eg, with $6250 monthly payment, ESCT is $56.1 rate is 29.92%, which is not 30%
  • Shanlin
    Shanlin Member Posts: 12 Novice Member Novice Member
    edited September 2018
    Hi Neil,

    I set the rate 30% for ESCT, please see the attached photo, the calculation didn't seem right. 30%x187.5 = $56.25, I don't know where is this $80.35 from?  Any helps for getting it correct are appreciated.  
    Thanks Shanlinimage
  • Neil_6428218
    Neil_6428218 Reckon Alumni Posts: 88 Former Reckon Staff Member Former Reckon Staff
    edited August 2019
  • Shanlin
    Shanlin Member Posts: 12 Novice Member Novice Member
    edited September 2018
    Hi Neil,

    Many thanks for your help, I got it correct now.


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