Annual payment

kilarabase247
kilarabase247 Member Posts: 1 Novice Member Novice Member
edited January 3 in Reckon Payroll

Hi hopefully someone can help. I have in the past done just one annual payment for one employee. Now that the app has been updated

I can’t do this maybe someone out there can give me guidance on how to achieve this

Comments

  • swakhlu01 .
    swakhlu01 . Member Posts: 482 Reckon Star Reckon Star

    @kilarabase247 when you set up the employee in the Reckon Payroll app the payment frequency selection is mandatory. At the moment Reckon has set this as weekly, fortnightly and monthly. There may be a future update with quarterly as well according to information provided by Reckon. But keep in mind the ATO has some rules around STP reporting that are updated regularly. How this applies in your circumstances will determine how you will report through the app. Best to consult a tax accountant to make sure you have adopted the required reporting method. The Reckon app is updated to reflect these changes.

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