PAYG/HECS TAX

Carolyn Accounts
Carolyn Accounts Member Posts: 19 Reckoner Reckoner
edited October 2024 in Reckon Accounts (Desktop)
PAYG and HECS tax not calculating correctly perhaps.  I have a client who has always manually calculated PAYG/HECS using an ATO calculator.  We are in the process of setting up STP.  I have set up an employee file and am trying to mimic the manual calculations.  However Reckon (Accounts Plus 2019) tax is calculating differently to what we expect having used the current ATO calculators.  Any ideas would be appreciated. 

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,384 Accredited Partner Accredited Partner
    edited August 2019
    STSL it hasn't been HECS for about ten years
  • Carolyn Accounts
    Carolyn Accounts Member Posts: 19 Reckoner Reckoner
    edited August 2019
    I understand.  Gross monthly is $11,935. We get $4810 TFT and STSL.  Reckon calculates $4572.
  • Robyn Kelly (Partner)
    Robyn Kelly (Partner) Accredited Partner Posts: 413 Accredited Partner Accredited Partner
    edited September 2019
    Have you got the tax table update on (Release 2 when you click Ctrl & 1)?
This discussion has been closed.

Categories