how do I terminate an employee in reckon accounts hosted

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Renee_10005989
Renee_10005989 Member Posts: 6

I have done final pay this week, and now wish to payout LSL and AL due on his final day

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,482 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2023 Answer ✓
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    Hi @Renee

    Is there any amount actually being paid for time worked in this final Paycheque or is it just paying out AL & LSL entitlements ?

    If so, you need to:

    1. Create 2 separate pays - one for the final amount of Salary & the 2nd for just the entitlements OR
    2. Remove the Salary line & use Hourly Payroll Items instead, for paying out entitlements because these are hours-specific rather than based on the salary figure.

    The Salary Payroll Items work by automatically prorataring amounts - based on hours entered - to equal the same (pay frequency) total each pay, based on the annual Salary amount entered in the employee payroll record.

    eg If you have $ 60,000 entered in the employee record with the pay frequency set to Monthly, each Paycheque will generate $ 5,000 (because $ 5000 x 12 mths = $ 60,000)

    When paying any leave within a pay cycle, you would normally use the Salary Leave Payroll Items with the applicable hours entered. The system would then pro rata each one accordingly, to still equal the usual $ 5,000 monthly gross amount:

    • Salary 80 Hrs > $ 2,500
    • Personal Leave Salary 48 Hrs > $ 1,500
    • Annual Leave Salary 32 Hrs > $ 1,000


    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!)

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,678 Community Manager Community Manager
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    Hi Renee

    I'd recommend checking out some of the previous related threads linked below and in particular the comments from our awesome Accredited Partner Shaz (@Acctd4)




    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Renee_10005989
    Renee_10005989 Member Posts: 6
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    Hi, yes have done that., but when i go to terminate as described, i go to final paycheck I then select appropriate employee and last pay items appear as normal. I enter 0 hours for normal salary, I select LSL and AL enter hours due but cannot change to correct amounts due, a warning appears "When a paycheque has more than one salary payroll item, you cannot edit the salary amounts......." so obviously this in not a termination payment?

  • Renee_10005989
    Renee_10005989 Member Posts: 6
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    Hi Shaz

    I have paid his monthly wage already and this takes him to his resignation date.

    On his final day I will only be paying all annual leave and LSL due

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,482 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    OK ... in that case, it will be my 2nd suggestion ... Remove the Salary line from the final Paycheque & just use your Hourly Leave Payroll Items 😊

    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!)
  • Renee_10005989
    Renee_10005989 Member Posts: 6
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    Thanks for your help Shaz