Reckon Accounts Hosted 2023 is now available! 🆕

Rav

Reckon Accounts Hosted 2023 is now available! ✨

Hi everyone!

We're super excited to let you know Reckon Accounts Hosted 2023 is now available!

When you next log in, you'll see a new Accounts 2023 button where you can access the latest release and its new features.

Check out the new updates this year with Reckon Accounts Hosted 2023!

STP Phase 2 compliance ⭐

Reckon Accounts Hosted 2023 is STP Phase 2 enabled! After upgrading, simply update your employees and payroll items using the Migration Assistant to prepare your data. You can then process your first pay run under STP Phase 2.

STP Phase 2 Migration Assistant ✔

The new Migration Assistant will help you easily update your employee and pay item information to STP Phase 2 requirements. Check out how to use the Migration Assistant HERE.

Multiple tax table support for 2 financial years 🧮

Businesses no longer need to wait until their last pay of the 2022/23 financial year has been processed before upgrading. Pays processed in both the 2022/23 and the 2023/24 financial years will have the correct Tax Scales applied to them Note: All pays processed after upgrading will be lodged via STP Phase 2.

Superannuation guarantee default rate increase ➕

The ATO has announced an increase to the default superannuation guarantee rate as of 1st July 2023, from 10.5% to 11.0%. Reckon Accounts 2023 contains this update.

2023/24 PAYG tax tables 📆

Changes to income tax tables will take effect from 01 July 2023, including the Student Loan repayments. The new tax rates are automatically calculated so you are always paying the correct amount.

• Check out the full list of features in the article below.

https://help.reckon.com/article/583k277y6m

⚠ IMPORTANT ⚠

We strongly recommend that you read our upgrade guide linked below.

Please be aware that once your file is opened in the new 2023 release, you will not be able to reopen it in Reckon Accounts Hosted 2022.

We recommend finalising the 2022/23 financial year in Reckon Accounts Hosted 2022 first. You can then upgrade and complete the Migration Assistant to make the switch to STP Phase 2. All pay runs processed after upgrading will be lodged via STP Phase 2.

https://help.reckon.com/article/4tt0lfkc5y

Ensure you keep a backup of your company data files. The 2022 edition will remain available until October to allow you to upgrade at a time that is suitable.

Questions ❓

Check out our Frequently Asked Questions (FAQ) for answers to common queries in regard to upgrading and STP Phase 2 -

https://community.reckon.com/discussion/8033402/upgrading-to-reckon-accounts-hosted-2023-frequently-asked-questions