Novated lease set up in Reckon Hosted
ShelleyG
Member Posts: 31 Reckoner
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?
0
Best Answer
-
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 😊
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
(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!)
1
Answers
-
This content has been removed.
-
This content has been removed.
-
Thanks all sorted
regards
Shelley
1
Categories
- All Categories
- 6.8K Accounts Hosted
- 17 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 8 📢 Reckon Accounts Desktop - Announcements
- 1.5K Reckon Payroll
- 40 📢 Reckon Payroll - Announcements
- 15 Reckon Payroll Help Videos 🎥
- 30 Reckon Mate App
- 2.7K Reckon One
- 16 📢 Reckon One - Announcements
- 14 Reckon Invoices App
- 24 Reckon Insights
- 101 Reckon API
- 310 Point of Sale
- 1.9K Personal Plus and Home & Business
- 72 About Reckon Community