I have just found out that Reckon Accounts DOES NOT pay superannuation on Holiday Load. The ATO rul

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Chris Nicoll
Chris Nicoll Member Posts: 4
I have just found out that Reckon Accounts DOES NOT pay superannuation on Holiday Loading. In our industry the ATO have ruled that we need to pay super on on Holiday Loading. When can this be corrected in Reckon Accounts

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,578 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited October 2019
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    Hi Chris

     

    Originally, Super wasn’t payable on HL but the beauty of RA is that all the Payroll Items can be configured/edited as per your requirements.

     

    Double-click on the Holiday Loading Payroll Item & cycle through the windows until you get to Inclusions then just tick/select your Super Payroll Items to be included :)

     

     



    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Chris Nicoll
    Chris Nicoll Member Posts: 4
    edited July 2020
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    Thanks Shaz - I have had all the super items ticked as an inclusion but now I look back to when I last paid my staff their holiday leave loading - super definitely was not paid on the leave loading amount.
  • John Graetz
    John Graetz Member Posts: 1,653 ✭✭✭
    edited October 2019
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    Hi Chris.  Do you have the Leave Loading set up as a separate Payroll item?  It can happen at times that when you make a significant change to an item, such as this (where SGC is now calculated whereas it wasn't in the past), that it might not update in the Employee Record unless you refresh the item in the Employee Record.  By that I mean, deleting the item and reinserting it again.  I know from experience there are occasions on which this can occur.  You could run this as a test for one employee, doing a dummy run and paying Leave Loading and see whether or not my suggestion changes anything.
    John L G