$450 minimum threshold override - is this going to be introduced in Reckon One

Milpara Community House
Milpara Community House Member Posts: 5 Novice Member Novice Member
edited September 2020 in Reckon One

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  • Kris_Williams
    Kris_Williams Member Posts: 3,719 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2020
    I can’t answer your question directly but do you know that Reckon One will calculate the super once the Gross reaches 450 for all previous weeks in the month. Your request is a valid point though, this can be turned off in other software 
  • Rav
    Rav Administrator, Reckon Staff Posts: 16,652 Reckon Community Manager Community Manager
    edited September 2020
  • Milpara Community House
    Milpara Community House Member Posts: 5 Novice Member Novice Member
    edited September 2020
  • Milpara Community House
    Milpara Community House Member Posts: 5 Novice Member Novice Member
    edited September 2020
    Thanks Rav, yes I have seen this guide.  I'm thinking for those employees who will definitely not meet the $450 threshold, at this time, I should set up a company contribution - similar to the Portable Long Service Levy for these employees using the gross wage as the quantity and the 9.5% as the rate.  Doing this I should be able to easily identify the SGC contributions for these employees and the YTD balance should carry forward.  It is an extra step in the payroll process and the process mentioned in the above guide is a bit messy and prone to error when paying the SGC contributions on a monthly basis.  I look forward to the incorporation into Reckon One.  :)
  • Kris_Williams
    Kris_Williams Member Posts: 3,719 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2020
    I see, I hope Rav can help, good luck

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