Penny_10069933 Member Posts: 11

One of our directors is wanting to do a one off large sum pay increase to themselves in this financial year to bring their salary to an amount advised by their accountant. Can someone please advise the best way to do this.

I was going to use the Payroll Item - Other 1 Salary to enter the lump sum amount.

Thank you in advance


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,191 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 11

    Hi Penny

    I would create a specific “Bonus” Payroll Item for it.

    (Don’t forget to make sure it calculates PAYG, Super & is included for Payroll Tax if applicable 😬)

    Also, make sure it goes through for STP (You don’t necessarily need to do a special submission for it - although you can - as it should get picked up in the Finalise Year process)

    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

    [email protected]

    (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!)