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

Peter_9962328
Peter_9962328 Member Posts: 37

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_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Answer ✓

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

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2021

    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 / 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!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

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

  • Peter_9962328
    Peter_9962328 Member Posts: 37

    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?

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

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

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

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