Portable Long Service Leave - Reckon Accounts Hosted

meganmegan Member Posts: 28

Is there a way to set up portable long service leave accrual in Reckon Accounts Hosted like there is for superannuation or do I have to create a report to calculate the amount to pay for each employee?

Thanks

Comments

  • JudyAJudyA Member Posts: 9

    Hi Megan,

    I suspect the short answer is no. What portable LSL programme are you working with? Each state would have slightly different requirements. We are with Coinvest, and I use an excel spreadsheet to capture and calculate the number of days, and amount to pay each employee. I fill it in each week as part of the payroll process.

    Judy

  • Acctd4Acctd4 Accredited Partner Posts: 895 ✭✭

    Hi Megan

     Yes!

    You can set it up like Super (as a “Company Contribution”) at the applicable % rate  😁

    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]

    https://www.accounted4bs.com/

  • meganmegan Member Posts: 28

    Hi Julie

    We will be using QlLeave - QLD portable LSL

  • meganmegan Member Posts: 28

    Hi Sahz

    I was worried if I set up the portable LSL as a super contribution, it would effect my STP.

    If I select tax tracking as none, it will not effect my STP, is this correct


    Thank you for your help

  • Acctd4Acctd4 Accredited Partner Posts: 895 ✭✭

    Hi Megan

    Yes, that’s absolutely correct 😁

    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]

    https://www.accounted4bs.com/

  • JudyAJudyA Member Posts: 9

    Hi Megan,

    I'm not familiar with QLeave, but I know with Coinvest we have to supply the number of days worked as well as the payroll amounts, which include certain allowances. Once we submit those figures every quarter, Coinvest raise an invoice and we pay it. Hopefully the system for QLeave is a lot simpler and you can achieve what you need with the super contribution set up. Good luck!

    Judy

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