I can’t get ESCT amount when doing payroll with Reckon account hosted?
Shanlin
Member Posts: 12 ✭
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Comments
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Hi Shanlin,
Have you set the ESCT Rate under the Employees Record?
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Can the software automatically do the ESCT rate? as it should be the rate as PAYE, eg, with $6250 monthly payment, ESCT is $56.1 rate is 29.92%, which is not 30%0
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Hi Neil,
I set the rate 30% for ESCT, please see the attached photo, the calculation didn't seem right. 30%x187.5 = $56.25, I don't know where is this $80.35 from? Any helps for getting it correct are appreciated.
Thanks Shanlin0 -
Hi Shanlin,
Go into Edit > Preferences > Payroll & Employees and untick the 'ESCT Paid By the Employer' option, it will then calculate the ESCT as $56.10.
There are no plans at this stage to change the way ESCT is calculated.
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Hi Neil,
Many thanks for your help, I got it correct now.
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