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Super Payments - how to process in Reckon Hosted

Lee_8688889

I have made the Super Contribution payment but can't find any instructions or 'how to' videos how I process that payment in Reckon Hosted and offset the liability created.

I also have paid a Super Guarantee charge. How do I process this charge in Reckon?

Many thanks,

Comments

Luke Sorbara

Hi Lee,

You will need to go to the Payroll Centre > Pay Liabilities > Related Payment Activities > Create Custom Liability Payments.

For future reference, you can use the in-product help menu to assist with these types of instructions. If you press F1 within the program, it will bring up the help menu. From there you can search for keyboards in either the "Index" or "Search" tab.

Hope this helps.

Luke

Lee_8688889

Hi Luke,

Thanks for the guidance around the Super Payments. That was really helpful.

In terms of processing any Super Guarantee charges, which is a combination of Interest on late payment and a $20 fee, can you point me in the direction of how to do this.

I have used the in-product help menu but there is very little information on 'how to' relating to payment of super related tasks. Below is an example which didn't provide any information. I'd be happy to know what better keywords I could use other than "Super Guarantee Charge":

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Many thanks, Lee

Acctd4

Hi Lee

When you create the custom liability payment, this creates a special “Liability Cheque” which picks up Payroll Liability Items (as opposed to Items from your Item List)

In the same way as a normal “Write Chq” though, it also has the “Expenses” tab & it is here that you can add the SG Charge.

As the SG Charge is not deductible against business income (because it’s a fine), create an Other Current Asset account for this & post the amount there:

If you do BASs/IASs that contain PAYGW, you should also be entering these payments the same – via a “Liability Chq”.

This feature allows you to pay (“clear”) the accumulated Payroll Item liabilities AND also account for other liability (GST/PAYGI/FBT/FTC) &/or expense (GIC, Penalty etc) payments all on one transaction to match your actual BAS payment total to the ATO.

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

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