Reckon One update! ⨠Generate ABA within a pay run, Downward variation tax option & more!


Reckon One has received an update today which introduces new features including the ability to generate an ABA file within a pay run, a new downward variation tax option and more!
Check out the inclusions of the new update below!
đ Generate ABA within a pay run
You can now generate and download an ABA file directly from your pay run! This streamlines and simplifies the process by eliminating the need to manually create a bank payment outside the pay run.
If your book is set to automatically make payments after each pay run (in Payroll Settings), Reckon One will automatically generate a payment for each employee when the pay run is marked as paid. This is found under Day to Day âĄī¸ Make Payment
The new Generate ABA button will automatically create a bank payment for all employees in the pay run who are paid using EFT. The ABA file will be downloaded to your PC using your browser's settings.
đ Downward variation tax
Reckon One now supports downward variation which ensures accurate tax calculations and correct reporting to the ATO in-line with STP Phase 2 requirements.
Downward variation allows employees to reduce the amount of tax withheld from their payments, typically when their deductible expenses result in a large tax credit at the end of the income year. Employees must apply for approval from the ATO, which then notifies the employer of the applicable tax percentage to withhold. This update also includes start and finish dates for the variation, which is reported to the ATO under the tax treatment code format DVXXXX.
⨠Pay Period enhancements on payslips
We've made improvements to payslips so that they'll now correctly reflect any changes made to pay periods in a previously completed pay run.
⨠Submit a Product Suggestion updated
The option to submit a product suggestion in the Help menu has now been updated to direct you to the new home for Reckon One ideas right here on the Reckon Community!
đ Bug Fixes
- We've corrected the messaging that appears when saving a tax agent or name of person authorising the tax agent if the characters within those fields exceed 200 characters.
- Selecting the Cancel option when updating the employee number will ensure the employee number is reverted to the previous number.
- Added a fix for the scenario where creating a new pay run from the Quick Add button when you're already on the pay run details screen wasn't taking you directly to the newly created pay run.
- We've ensured that duplicate earning items and leave items can be added to the same pay run multiple times.
⨠Minor enhancements
- The book switcher now displays books in ascending alphabetical order
- The Rate and Quantity labels have been right-aligned on the employee Pay Setup screen to improve readability when entering pay information.
- When updating the employee number, the Learn More link now open in a new tab
Comments
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Ohhhhhh the generate ABA button will be awesome to try out next payrun. Great update!
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Awesome! Glad to hear it @duxnutsshane! đ
Let us know how you go đ
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âšī¸ IMPORTANT NOTEHi everyone,Just a quick note regarding the new Generate ABA feature outlined above. We've observed that employees who currently havemultiple EFT bank accounts added in their profile and are splitting paymentsacross them are not generating correctly in the ABA file when its created in the pay run.We're working on this fix for this right now and will have this released ASAP. More info on this to follow.In the interim, there are a couple of options for this.1ī¸âŖ Once the bank payment has been created, go to that payment, remove the employee and re-add them. This will then split the payments as expected.2ī¸âŖ If you create the bank payment underBank Paymentsand generate the file there, then the amounts will split as expected.Apologies for the confusion and we'll get this addressed ASAP.â THIS HAS BEEN RESOLVED.
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Hey Rav, this is a really great addition!
Re ABA files, is it possible in Reckon One to create ABA files for Direct Debits?
Thanks!
Cheers Cath
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Thanks @Catherine Sinnott! đ
Re ABA files, is it possible in Reckon One to create ABA files for Direct Debits?
Do you mean for making payments to suppliers? If so, then yes you sure can đ. Check out some info on this here.
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No, we have worked that out, it works really well. It's to direct debit customer accounts for regular invoicing. I haven't been able to find anything on it for Reckon One, and I have a tech guy who can probably write the ABA files for me so it's not vital, but thought I'd ask in case I'm missing it.
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Ah ok gotcha @Catherine Sinnott. No you haven't missed anything, unfortunately that isn't an option in Reckon One at this stage but it could potentially be a good option for a feature request though!
Can I get you to add an idea for this here when you have a moment?
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Hi Rav. Do you have any updates on this fix?
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Hey @Mark_9171963
The release is going to come through this week, I'm just waiting on final confirmation from the team on which day. I'll keep you posted.
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Just wanted to let you know the latest Reckon One update has just gone out, details here. This release includes a fix for the ABA files for employee with multiple bank accounts.
Thanks so much for your patience while got this straightened out and if you have any questions, please let me know.
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Hi Rav, thanks for that! Much appreciated.
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