Superannuation Payment
Hi Team,
I have a question; we pay salary on fortnightly basis. which is start from 22/6/23 to 5/7/23. however, the super rate will be changed from 1ST July to 11%, so how do we make one single payment with 10.5% and 11%.
thanks for reply
Comments
-
Hi Muhammad!
The rate is related to payment date only, NOT pay period - Any payments made up to & including 30/06, the 10.5% rate of Super applies. For any payments made from 01/07 onwards, the applicable Super rate is 11%.
The 2023 update - being released later today - incorporates this & will use the correct rate based on the Paycheque date.
NOTE: It is recommended to complete current FY pays & the Finalise Year process in the current (2022) version FIRST, before upgrading as 2023 version. This is because the 2023 version is STP2-compatible only, which may or may not create submission errors with the ATO under the existing STP framework 😬
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
(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!)
2 -
HI, How can we update the Super figure to 11% without having to go into each Payroll item?
0 -
Only the super payroll item needs to be updated and that should happen automatically when opening the 2023 version. But you can look at that payroll item to check
0 -
Hi @Kathyd
It will prompt for changing this automatically, after updating to 2023
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
(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!)
0
Categories
- All Categories
- 6.7K Accounts Hosted
- 16 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 7 📢 Reckon Accounts Desktop - Announcements
- 1.4K Reckon Payroll
- 33 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 25 Reckon Mate App
- 2.6K Reckon One
- 9 📢 Reckon One - Announcements
- 12 Reckon Invoices App
- 15 Reckon Insights
- 99 Reckon API
- 308 Point of Sale
- 1.9K Personal Plus and Home & Business
- 74 About Reckon Community