Leave Loading

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Hi

Reading the ATO site it indicates the ruling changed and super should be paid on Leave Loading as it becomes OTE. Looking at the default within the system should all of these be now ticked?


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  • Kris_Williams
    Kris_Williams Member Posts: 3,360 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    I think it’s the super payroll item that needs to be changed, by ticking the leave loading item, that worked for me


  • Kathyd
    Kathyd Member Posts: 79
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    Hi Kris, thank you for the quick reply and especially on a Sunday, it is appreciated.

    Does this mean I need to tick Leave Loading against the 30 odd different Super funds we have set up or can I tick against all at the Inclusion set up ( as per my snippet)?

  • Kris_Williams
    Kris_Williams Member Posts: 3,360 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Well I would think you only need to tick it here, in the actual super item, Not the leave loading item. I would experiment, everyone has their setup a little different though

  • Kathyd
    Kathyd Member Posts: 79
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    Thank you Kris.

    I also have any questions which you may be able to help with.

    I have two types of processing Payroll.

    1. Hourly
    2. Salary

    I have copied the Hourly Leave Loading and created the same for our salary Leave Loading however I must have something wrong as it calculates loading on all the Gross and not just the Leave Hrs . I have it set up as an Addition like the Hrly Leave Loading.

    The below is calculating load on total gross and not the 16 hrs of leave only.


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,460 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2022
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    Hi Kathy!

    You shouldn’t need a separate Leave Loading Payroll Item as it’s a system-created special one associated with annual leave. Regardless of whether it’s hourly or salary, the default Leave Loading should work for both ☺️

    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!)
  • Kathyd
    Kathyd Member Posts: 79
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    Hi Shaz , Thanks for replying . I am trying to assign the expense to the various departments. At present we have all holiday leave going to the Truck Expense Account

    Are we not able to create Holiday leave for Admin & Workshop and assign accordingly?

    I also notice we did not have it ticked to pay Super on it and yet Super is paid on A/L as it is deemed OTE. Is this correct?


    Look forward to a reply or mentoring

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,460 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi Kathy

    Hmm … It may be possible to set up another one manually but I’m not at home at the moment to check.

    I’ll have a look as it would need to be configured very specifically to ensure it generates exclusively when paying annual leave.

    Leave Loading originally wasn’t considered OTE but this has been further clarified in recent years that Super is only payable on loading if the leave itself is also OTE (eg not when paid out on termination)

    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!)
  • Kathyd
    Kathyd Member Posts: 79
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    Hi Shaz

    Yes , it is my understanding Leave Loading id OTE and Super is paid on it but not at termination ( it is forfeited)

    Or, another idea is have Leave Loading go to its own Expense account and at the end of each month or quarter do a journal to the relevant department ( Transport, Workshop or Admin)? Would this be an easier way around it.?

  • NathanAxisIT
    NathanAxisIT Member Posts: 1
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    I may have a solution for anyone else needing to replicate the built-in Leave Loading payroll item.

    It seems to have an extra field called "SPECIAL" when exporting the Payroll Item List to Excel.

    By copying the row containing the Holiday Loading payroll item and pasting in a new row, then renaming the item before importing, I created an exact duplicate of the original, which works correctly.

    Doing this inside the software, it does indeed calculate on Normal Hours not just Holiday Hours. But by duplicating the payroll item in Excel and importing it, it will function correctly.

    To export your Payroll Item List, first take a backup of your Reckon file, then go to File - Utilities - Export Lists to IIF File and then tick Payroll Item List.

    Save the export file to your PC and open it in Excel. Then copy and paste the Holiday Loading row. Rename the second Holiday Loading item.

    Save the file and close Excel.

    Head back into Reckon and go to File - Utilties - Import IIF files and select the above file. Then check your Payroll Items again and the second Holiday Loading should be there.

    You can then edit the general ledger code, name, etc within the software and it should function the same as the original and only look at Holiday Hours.