can one employee have two super accounts ?

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Deb_8351604
Deb_8351604 Member Posts: 17
edited September 2019 in Reckon Accounts (Desktop)

I have a new employee who wants the bulk of their super to go to one super fund and sal sacrifice some to go to a different super account.  How can I set this up ?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019
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    Hi Deb

    Salary Sacrificed Super is not the same as the standard employer super (SGC)
    Unlike SGC, SS amounts are deducted from the employee's gross pay - reducing the PAYGW amount - to obtain a tax benefit.  This is classified as Reportable Employer Super Contributions (or RESC) & needs to be configured correctly for both the PAYGW tax & RESC to calculate & report accurately.
    You need to set up a Salary Sacrifice Payroll Item for this additional fund.  You can specify a % or fixed $ amount on the employee's record.

    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

    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!)
  • Deb_8351604
    Deb_8351604 Member Posts: 17
    edited September 2019
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    Thanks Shaz - so it can be done though ?  I have set up both before for different employees but not had this problem with one employee wanting both.  How do I best set it up.  The Employee card only seems to have provision for one fund.
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2018
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    Yes, you can add as many Super Payroll Items as you like to an Employee's record.

    In their "Super Details" section, just enter/add the SS Payroll Item on to the next line in the "Item Name" box (under their existing Super Payroll Item)


    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

    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!)
  • Deb_8351604
    Deb_8351604 Member Posts: 17
    edited August 2018
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    Of course it seems so obvious now !
    Thanks so much.