Directors Fees STP2

Vanessa_10085275
Vanessa_10085275 Member Posts: 32
edited December 2023 in Accounts Hosted

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

  • klaura
    klaura Reckon Staff Posts: 67 Reckon Staff
    edited December 2023

    Hi Vanessa_10085275

    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.

  • Vanessa_10085275
    Vanessa_10085275 Member Posts: 32
    edited December 2023

    Do I use wage as new payroll item type?

    My payroll items are completely different to your screen!

  • klaura
    klaura Reckon Staff Posts: 67 Reckon Staff

    Hi Vanessa,

    Can you please provide us with a screenshot?

  • Vanessa_10085275
    Vanessa_10085275 Member Posts: 32

    Thanks Klaura, this is the screenshot below


  • Tanvi_kataria
    Tanvi_kataria Reckon Staff Posts: 100 Reckon Staff

    Hi @Vanessa_10085275

    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

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,207 Community Manager Community Manager
    edited December 2023

    Hi @Vanessa_10085275

    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 -



    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Vanessa_10085275
    Vanessa_10085275 Member Posts: 32

    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?