In Reckon Hosted, I am trying to set up overnight allowance as non reporting, what tax tracking do I select?
None.
And thanks for your question
Zappy
Hi @Leeanne Williamson
Any Payroll Item that's not reportable needs to be allocated to Tax Tracking category None ☺️
@Acctd4
Roger that
Great minds
How do you still get it to appear on payment summary?
"Not Reportable" specifically means it doesn't appear on the Income Statement (previously "Payroll Summary")
What is the allowance actually covering, how much is it & under what conditions is it paid ?
The overnight allowance that is non taxable in the Long Distance Transport Award.
Ah OK … so it's non-TAXABLE, in which case it shouldn't be reported as it's basically being paid for by the employer (by way of a "tax-free" allowance). In that scenario, the employee doesn't claim against it as they're not paying tax on it. If it's on the Income Statement, it will be included as part of taxable income & the employee will end up with a tax shortfall.
(On the other hand, if it's taxable, it's categorised as such & displays on the Income Statement so the employee can then claim against it to offset that tax ☺️)
ok, so it doesn't have to appear on their payment summary?
thank you.
Leanne
Its not necessary
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