Novated lease set up in Reckon Hosted

ShelleyG · November 25

What is the correct way to set up the 2 payroll items for a novated car lease? PreTax salary Sacrifice (excluding GST) and the Post Tax employee contribution.

We are receiving an invoice to pay each week so that will be entered into accounts payable.

Does it need to run through a clearing account so that the payroll liabilities are cleared?

Acctd4 · November 26

Hi @ShelleyG

I have a detailed guide I've written up on this. Feel free to email me direct if you'd like me to send it through to you 😊

Unknown · November 25

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Reeta · November 26

Hi @ShelleyG ,

Thank you for your inquiry. Please find attached a knowledge-based article that outlines the steps for setting up a novated car lease.

https://help.reckon.com/article/x1fxb0da1z-kba-3758-setting-up-a-non-super-salary-sacrifice-item-novated-lease-salary-packaging

I hope this information assists in resolving your query.

Kind regards,

Reeta

Unknown · November 26

This content has been removed.

ShelleyG · November 29

Thanks all sorted

regards

Shelley

Novated lease set up in Reckon Hosted

Best Answer

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

Accounted 4 Bookkeeping Services

Ballajura, WA

(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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