Portable LSL Authority

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Wendy_10862352
Wendy_10862352 Member Posts: 27

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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,593 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited October 2023
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    Hi @Wendy_10862352

    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

    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!)