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

Carolyn_9716443
Carolyn_9716443 Member Posts: 19 Reckoner Reckoner
in Accounts Hosted

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?

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,868 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    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 ☺️

    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!)

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