๐Ÿ“ข๐Ÿ“ฒ Creating an End of Financial Year finalisation in the Payroll App

Rav
Rav Administrator Posts: 13,085 Community Manager Community Manager

End of Financial Year finalisation in the Reckon Payroll App

Hi everyone,

This video will give you an overview of how to prepare, create and send your End of Financial Year finalisation in the Reckon Payroll App.



Comments

  • Rav
    Rav Administrator Posts: 13,085 Community Manager Community Manager
    edited November 18

    ๐Ÿ“ข Important info

    Currently the End of Financial Year finalisation screen in the Payroll App displays super balances paid at the default rate.

    RESC components such as salary sacrifice and additional super paid over the default rate are correctly captured by the Payroll app and sent to the ATO as part of your STP submissions including the EOFY finalisation however any balances associated with RESC just do not visibly appear in the finalisation screen at this stage ie. its a display issue only.

    Our development team is aware of this and are exploring options to enhance this aspect in the app to avoid confusion for our users.

    We recommend Payroll App users not delay sending through their EOFY finalisations. Any RESC balances that you've paid throughout the course of the year via salary sacrifice, additional super etc have been recorded in the app and will be sent through with your finalisation.

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    UPDATE

    The above limitation of RESC not visibly appearing in certain areas of the Payroll App as described above has been resolved in version 4.0.2.

    Check out full details of the 4.0.2 update in the announcement linked below -


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