PAYG/HECS TAX

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Carolyn Accounts
Carolyn Accounts Member Posts: 16 ✭
edited September 2019 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. 

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  • Carolyn Accounts
    Carolyn Accounts Member Posts: 16 ✭
    edited August 2019
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    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: 475 Accredited Partner Accredited Partner
    edited September 2019
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    Have you got the tax table update on (Release 2 when you click Ctrl & 1)?

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