Portable Long Service Leave - Reckon Accounts Hosted
Is there a way to set up portable long service leave accrual in Reckon Accounts Hosted like there is for superannuation or do I have to create a report to calculate the amount to pay for each employee?
Thanks
Comments
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Hi Megan,
I suspect the short answer is no. What portable LSL programme are you working with? Each state would have slightly different requirements. We are with Coinvest, and I use an excel spreadsheet to capture and calculate the number of days, and amount to pay each employee. I fill it in each week as part of the payroll process.
Judy
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Hi Megan
Yes!
You can set it up like Super (as a “Company Contribution”) at the applicable % rate 😁
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
(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!)
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Hi Julie
We will be using QlLeave - QLD portable LSL
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Hi Sahz
I was worried if I set up the portable LSL as a super contribution, it would effect my STP.
If I select tax tracking as none, it will not effect my STP, is this correct
Thank you for your help
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Hi Megan
Yes, that’s absolutely correct 😁
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
(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!)
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Hi Megan,
I'm not familiar with QLeave, but I know with Coinvest we have to supply the number of days worked as well as the payroll amounts, which include certain allowances. Once we submit those figures every quarter, Coinvest raise an invoice and we pay it. Hopefully the system for QLeave is a lot simpler and you can achieve what you need with the super contribution set up. Good luck!
Judy
1
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