Portable LSL Authority
Hi,
Each time I pay the quarterly return to the PLSA, there is always a difference from the invoice from the PLSA to the amount calculated in Reckon. It's only usually a few cents but to reconcile the PLSL Payable, how do I account for that difference in Reckon?
Do I adjust it on the liability cheque? And what account do I use for that difference?
Any advice would be appreciated.
Wendy
Answers
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Enter a Liability Adjustment (under the Employees dropdown menu > Payroll Taxes & Liabilities > Adjust Payroll Liabilities).
In this example, the RA calculated amount is $ 298.52:
... which is 40c more than the board's invoice amount payable of $ 298.12:
So I would enter a liability adjustment to reduce it by that 40c:
This then corrects both the liability (on the Bal Sheet):
... & the expense (on the P&L):
😊
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!)
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