Portable LSL Authority

Wendy_10862352
Wendy_10862352 Member Posts: 27 Reckoner Reckoner
in Accounts Hosted

Hi,

Each time I pay the quarterly return to the PLSA, there is always a difference from the invoice from the PLSA to the amount calculated in Reckon. It's only usually a few cents but to reconcile the PLSL Payable, how do I account for that difference in Reckon?

Do I adjust it on the liability cheque? And what account do I use for that difference?

Any advice would be appreciated.

Wendy

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,208 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2023

    Hi @Wendy_10862352

    Enter a Liability Adjustment (under the Employees dropdown menu > Payroll Taxes & Liabilities > Adjust Payroll Liabilities).

    In this example, the RA calculated amount is $ 298.52:

    image.png

    ... which is 40c more than the board's invoice amount payable of $ 298.12:

    image.png

    So I would enter a liability adjustment to reduce it by that 40c:

    image.png

    This then corrects both the liability (on the Bal Sheet):

    image.png

    ... & the expense (on the P&L):

    image.png


    image.png


    😊

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  • Zappy
    Zappy Accredited Partner Posts: 5,252 Accredited Partner Accredited Partner

    The PLSA is probably wrong. Have you contacted it?

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