How do you set up a "In Lieu of Notice" payroll item in Reckon Hosted? And the ETP Withheld tax?

Question

Hi. We have an employee that resigned yesterday and she gave two weeks notice. The bosses advised they would pay her out for the two weeks but she doesn't have to come to work.

I believe this is an "In Lieu of Notice" ETP and needs to be shown as a type O ETP. Also the PAYG withheld has to be "ETP Withheld" and not just "PAYG Withholding.

Does anyone know how to set up the payroll items and if any extra accounts need to be set up?

Acctd4 · Accepted Answer

Hi Carolyn

I have a guide I’ve written up on this as it can be a lengthy process if any other components are also involved (eg unused leave payouts, redundancy etc)

Happy to send it through to you if you’d like to email me direct ☺️