RESC Amount 0

minileepee
minileepee Member Posts: 6 Novice Member Novice Member
in Accounts Hosted

Hi, Employer SGA Contributions report shows Super 10%, Shows company additional super contributions amounts, but shows zero amounts in the RESC amount. How do i get the Company contribution to show in RESC thanks

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  • Kris_Williams
    Kris_Williams Member Posts: 3,768 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Only salary sacrifice amounts show in RESC section

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,828 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Just to add to Kris’s answer, RESC stands for Reportable Employer Super Contributions. These are salary sacrificed amounts & any additional employer-paid super influenced by the employee.

    eg if an employer pays ALL their employees super at at a rate of 12% (because the employer’s generous) the additional 1.5% would NOT be considered RESC, however if this was an arrangement by negotiation with a specific employee only, it would be ☺️

    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!)
  • minileepee
    minileepee Member Posts: 6 Novice Member Novice Member

    Thanks Kris, Thanks Shaz

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