Reckon Accounts Hosted 2022 is now available!

Rav
Rav Administrator Posts: 12,169 Community Manager Community Manager
edited June 21 in Accounts Hosted

RECKON ACCOUNTS HOSTED 2022 IS NOW AVAILABLE!

Reckon Accounts Hosted 2022 is now available. This update will ensure you remain compliant and breeze through the 2022/23 financial year.


2022/23 PAYG Tax Tables

Changes to income tax tables will take effect from 1 July 2022, including the study and training loan repayment thresholds and rates. The new tax rates are automatically calculated so you are always paying the correct amount.


Superannuation Guarantee default rate increase

The ATO has announced an increase to the default superannuation guarantee rate as of 1st July 2022 from 10% to 10.5%. Reckon Accounts Hosted 2022 contains this update.


Removal of Superannuation Guarantee threshold

The ATO has announced the removal of $450 per month threshold of superannuation guarantee as of 1st July 2022. To learn more about this click here.


To find out all the new features and enhancements, click here.


How do I upgrade?

When you log in to Reckon Accounts Hosted, you will see a new 'Launch Accounts 2022 R2' button which includes the new update. We strongly recommend that you read the upgrade guide before updating your file.


IMPORTANT INFO

The new tax tables and superannuation rate & threshold changes take effect from 1 July 2022. You must process employee pays for the 2021/22 financial year before updating your file to the 2022 edition.

Once you have updated your file, you will not be able to re-open that file in the original Reckon Accounts 2021 edition. Ensure you keep a backup of your company data files. The previous version will remain available until 31st July to allow you to upgrade at a time that is suitable.


We're here to help

We've also extended our support hours from 22 June to 8 July 2022 to assist you during the EOFY period. Don't forget to check out our EOFY Hub - it's packed with resources to help you through this busy time!

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