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How do I record Unused Annual Leave Payment

Liza Oates
Liza Oates Member Posts: 32
edited June 2020 in Accounts Hosted
I am trying to set up Unused Annual Leave Paid.  I have manage to get Tax taken off the payment, however it keeps adding Super Payment to the total.  What is wrong with my payroll item.  I have included it as Lump Sum A (T) tracking type.  Is this correct.
Should it be Lump Sum A (R)

Comments

  • Linda ABC
    Linda ABC Member Posts: 1,136 ✭✭✭
    edited June 2020
    Hi Liza - if you go to the very last screen of the Unused Annual Leave item - there should be a list of super funds - if you untick them all then super wont calculate on this item?   Unused annual leave doesnt have a special tracking type - I believe its just part of gross wages?
  • Acctd4
    Acctd4 Accredited Partner Posts: 2,157 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2020

    Hi Liza

     

    Assuming the termination relates to a genuine redundancy, you are correct – Payment of Unused Annual Leave (& any applicable Leave Loading amount) in that scenario is not part of gross payments & is instead shown at Lump Sum A.   

    The R is for genuine “Redundancy”, the T is for a general “Termination” eg for any other purpose including voluntary resignation.

     

    As Linda said, if you untick the Super Funds on that last (“Inclusions”) screen, that will prevent Super accruing.

     

    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

    [email protected]

    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

    0422 886 003

    [email protected]

    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!)
  • Liza Oates
    Liza Oates Member Posts: 32
    edited April 2020
    Thank you for your help Shaz this has helped.
  • Liza Oates
    Liza Oates Member Posts: 32
    edited April 2020
    Thank you for your response I have now processed this.
  • karen
    karen Member Posts: 1
    edited April 2020
    I have the problem where the unused annual leave paid at redundancy is included in gross payments and lump sum A in reckon one