where or how to input workcover refunds for wages paid to injured worker

PeterPeter Member Posts: 24

Hi Reckon One helpers

One of our employees was injured several months ago. We have been paying his weekly wages since injury date as normal.

We are now starting to receive from WorkSafe (Victoria) refund payments for this. How and where should I register this incoming money in Reckon One to offset it properly to the wages we have paid him on the payroll?

Thanks

Peter

Best Answer

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭
    Accepted Answer

    That’s ok, the accountant will put it where he needs, better to make it stand out

Answers

  • Acctd4Acctd4 Accredited Partner Posts: 1,389 ✭✭✭
    edited September 17

    Hi Peter

    You've posted this under the Reckon Accounts Hosted category. If you try searching/posting in the Reckon One section, you'll be more likely to find the help you're after there, for that program 😀

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

    * Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    I would post it to an income account called WorkSafe or workers comp refunds, no tax code

  • PeterPeter Member Posts: 24

    I can only do that, post it to an income account, if I make Worksafe a customer.

    And that does not seem right.

    Should these payments not end up on the payroll tab?

  • ZappyZappy Accredited Partner Posts: 4,806 ✭✭✭

    Why don't you post it a customer Workcover(c) and post it to the OTHER INCOME account Insurance recoveries?

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    Peter the wages you pay out should go through payroll, the income is shown as income or other income

  • ZappyZappy Accredited Partner Posts: 4,806 ✭✭✭

    K


    We discussed this already


    Z

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    Just answered Peter’s last question that wasn’t addressed in previous posts

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