Portable Long Service Leave - Reckon Accounts Hosted

megan_10040714
megan_10040714 Member Posts: 93 ✭✭

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

  • JudyA
    JudyA Member Posts: 56 ✭✭✭

    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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    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

    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!)
  • megan_10040714
    megan_10040714 Member Posts: 93 ✭✭

    Hi Julie

    We will be using QlLeave - QLD portable LSL

  • megan_10040714
    megan_10040714 Member Posts: 93 ✭✭

    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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    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

    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!)
  • JudyA
    JudyA Member Posts: 56 ✭✭✭

    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