Reckon One help video help with Payroll gen.ledg.accounts

Jean_10862158
Jean_10862158 Member Posts: 138 Reckon Star Reckon Star
in Reckon Payroll

Hi, I was actually after what gen.ledg.accts to enter at the beginning of payroll settings.
But I thought a help video might help, at least this one appeared relevant. But there is no way I can remember all that is describes. Also, although what I am typing here is quite large, in the video I can't make much of what they are doing.

image.png

This is what I was after, about which accounts go in this. I had it all ok in Reckon Accounts,

image.png

The first item, Expense account for pay items (optional), I suspect this is not the expense account for wages because here it is optional. So what is it for?
The second item, what is it for? Maybe I might have a loan a/c or something for an allowance or deduction, but it isn't always the same. So something else?
Third item - Super generally (SG & Sal.Sac) goes into an Expense A/c under Wages - Super. But here it is an optional thing, so not for this? then for what?
The fourth item - I entered an account name that I used to use in Reckon Accounts, but I think Reckon One likes it differently. There is a new Payroll Liab. number1243 under heading "Wages & Related Accruals" called PAYG Payable. Both accounts seem to be for the same thing so what one should I use?.

Many thanks, Jean

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,205 Reckon Community Manager Community Manager

    Hi @Jean_10862158

    The account selection you see in the screenshot above are for default accounts when creating payroll pay items.

    When you create a new pay item, it will prefill with the default account if one is selected that relates to the specific item. They are optional as you can select any account when you create the item manually.

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