Payroll Tax % & Work Cover %

Karina_9242901
Karina_9242901 Member Posts: 24 Reckoner Reckoner

Hi,

How would I set up Payroll Tax & Workcover percentages from payroll to record these extra costs into Job Costing. Any suggestions on how?

Cheers

Karina

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,727 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited August 26

    Hi @Karina_9242901
    Are you referring to WorkCover on-paid to the employee ?

    You can tick the checkbox on the Payroll Item for this (NOTE: You should also be job costing the reimbursement received, to ensure accuracy)

    Payroll Tax is a liability, outside of the STP-specific payroll expenses. However, it is expensed for tax purposes so you could apportion percentages across multiple lines, on your payment entry, based on your job cost reports ☺️

    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

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    (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!)