Directors Fees STP2
Hi everyone
Can someone please help me out with a step by step process on how to add & process Directors Fees in the new STP2?
Thank you
Answers
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In the new Reckon Payroll, there is an option to add a new Earning Type called Director's Fee as shown in the screenshot below. All you need to do is go to Settings> Pay Item> Create Pay item>Earnings> Earning Type>
Once created, you can then attach it to the employee's Pay Setup or add this to your pay run.
I hope it helps.
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Do I use wage as new payroll item type?
My payroll items are completely different to your screen!
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Hi Vanessa,
Can you please provide us with a screenshot?
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Thanks Klaura, this is the screenshot below
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Regarding your query with Director fees, please find the attached article for your reference- Migration Assistant: Prepare Gross Wages Items - Reckon Help and Support Centre
I hope this will help with that. Please let us know, if you need any more help. Thank you!
Regards
Tanvi
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This post has been created in the Payroll Premier upgrade to Reckon Payroll category however based on your screenshot it looks like you're using Reckon Accounts or Reckon Accounts Hosted, is that correct?
I'll move your post over to the right place 🙂 Just as a side note, for info on which category to select when creating a post on the Community click here - I need to create a post.. which category do I select?
Ok, with that out of the way, when it comes to Reckon Accounts you will need to select the first option as the payroll item type for an earnings item. Director's Fees now has its own specific tax tracking type under STP Phase 2 which you'll find in the Tax Tracking Type selection -
Check out more info in our STP Phase 2 help guides here -
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Thanks Rav, this is starting to make sense now and thank you for moving my post over.
Do I select items as per below screenshots? Am I setting this up correctly?
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