Novated lease set up in Reckon Hosted

What is the correct way to set up the 2 payroll items for a novated car lease? PreTax salary Sacrifice (excluding GST) and the Post Tax employee contribution.

We are receiving an invoice to pay each week so that will be entered into accounts payable.

Does it need to run through a clearing account so that the payroll liabilities are cleared?

Accepted answers

Acctd4

Hi @ShelleyG

I have a detailed guide I've written up on this. Feel free to email me direct if you'd like me to send it through to you 😊

All comments

Zappy

Did you look in the community?

The question has been asked dozens of times in the past 25 years

Zappy

Acctd4

Hi @ShelleyG

I have a detailed guide I've written up on this. Feel free to email me direct if you'd like me to send it through to you 😊

Reeta

Hi @ShelleyG ,

Thank you for your inquiry. Please find attached a knowledge-based article that outlines the steps for setting up a novated car lease.

https://help.reckon.com/article/x1fxb0da1z-kba-3758-setting-up-a-non-super-salary-sacrifice-item-novated-lease-salary-packaging

I hope this information assists in resolving your query.

Kind regards,

Reeta

Zappy

@Reeta

Thanks for that

I forgot it was a legacy article

I used it many years ago

Zappy

ShelleyG

Thanks all sorted

regards

Shelley

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