Hi there
It has been brought to our attention that the rate on the default super for all our employees is set at 11.5% when the ATO says 12%.
We have been doing super at 11.5% since 1 July last year which means every weekly pay period has been short paid on super by .5% for every employee.
How do I fix this as that is a LOT of staff and amounts that have been done incorrectly.
I was under the impression that once we rolled over to the new version of Reckon at the start of the FY that the correct tax rates and super rates are already in place with Reckon Hosted.
I see that isn't the case.
How do I fix this as we have approx. 70+ employees I will need to fix.
Thanking you in advance.
