Employee opening balances

KarenAlice
KarenAlice Member Posts: 15 Reckoner Reckoner

I am creating a new file on Reckon Hosted for a business which was previously on a different software, what would be the best way to enter the wages already earned July to September? Includes jobkeeper also but I assume I won't need to use the JOBKEEPER START as that would already have been done previously.

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  • Kris_Williams
    Kris_Williams Member Posts: 3,646 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    If you are going to use the payroll figures for payment summaries, as I would expect if you are lodging STP, I think you should process the pays, even as 1 total pay for the quarter, as wages in payroll section, not just as a cheque, or YTD figures in employees details

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  • Kris_Williams
    Kris_Williams Member Posts: 3,646 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Yes you are correct but the employee totals in Reckon Hosted will be incorrect for cross checking purposes, and I’m big on cross checking

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,780 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2020

    I agree with Kris about having correct dates/cross-referencing however, you can specify the periods & pay dates in the YTD setup (just like a paycheque) but you do only setup ONE YTD summary per employee.  Therefore - depending how often your pay run/STP is & your PAYGW/BAS reporting - you could setup the YTD for the first month (July) or quarter (Jul-Sep) then enter the pay or 2 since as actual paycheques.  This way the YTD figures will balance with your reporting periods but it saves entering EVERY paycheque 😁

    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!)
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  • Kris_Williams
    Kris_Williams Member Posts: 3,646 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2020

    Always check my employee totals in whatever payroll program with totals in Gov Connect at least quarterly, and then Payment Summaries at year end.

    ‘Why - because I’m pedantic and need to check what other people are doing

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  • Kris_Williams
    Kris_Williams Member Posts: 3,646 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    I’m happier being busy and confident in mine and others figures

  • KarenAlice
    KarenAlice Member Posts: 15 Reckoner Reckoner

    Thanks for the input, I have entered the totals for July to September in one pay run and could then check the totals match the report from the previous software and all looking good.

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