PAYG Is Calculating too high. What can I double check?

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Vicki_10862349
Vicki_10862349 Member Posts: 19 Reckoner Reckoner
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I have double checked the payroll items as per previous discussions. Can anybody advise what else I've possibly done incorrectly?

Answers

  • Kris_Williams
    Kris_Williams Member Posts: 4,052 Reckon Hall of Famer Reckon Hall of Famer

    I donโ€™t think itโ€™s the wrong tax bracket for the employee but check that first of all in the employee details - TFT 1 or 2

    Secondly while youโ€™re there look at the extra tax box and see if it is set to take extra tax

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,032 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited May 3

    • Do they have a HELP (previously โ€œHECSโ€) debt ? Check if this has been incorrectly ticked in their Taxes tab.
    • The Paycheque pay period dates shows it's for a week. Is that correct or should it be for a fortnight ?
    • Make sure you also check that "Vision - SY" Super Payroll Item (Sometimes this can be inadvertently selected for PAYG & needs to be unticked ๐Ÿ˜ฌ)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * 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!)
  • Vicki_10862349
    Vicki_10862349 Member Posts: 19 Reckoner Reckoner

    Hi Kris and Sharon,

    Thanks for your help. It was the super - pays to double check!! I'll check them all again manually tomorrow when I run payroll and make sure they're calculating correctly.

  • Kris_Williams
    Kris_Williams Member Posts: 4,052 Reckon Hall of Famer Reckon Hall of Famer

    Good on you thanks to @Acctd4

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,032 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Good to hear @Vicki_10862349 ! ๐Ÿ‘๐Ÿป๐Ÿ‘๐Ÿป

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * 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!)