Payroll Item - Default Rate & Limit Screen

DiSmith
DiSmith Member Posts: 10 Reckoner Reckoner
in Reckon Accounts (Desktop)

Hi all,

I'm trying to add a new payroll item. We co-contribute 4% of employees gross wages to their super fund and I need to account for it.

No matter how I try to add the new payroll item once I'm in the "Default Rate & Limit" screen I cannot use any figure under 10%, putting 4% auto defaults to 40%, tried 04% which also defaults to 40%

What am I not seeing please, I've been at this for hours

Appreciate any help!!

Cheers

Di

Running Desktop Retail Account Premier: Retail Edition v34

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Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,208 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    Welcome to the community @DiSmith

    It looks like it's your Payroll Item type selection that's the issue - You need to set it up as a Super Contribution … :

    image.png

    … rather than Company Contribution :

    image.png

    NOTE: This selection is only available upon initial setup so you need to create a new Payroll Item for it.

    If this additional 4% is paid for all employees by default, it is still considered SG (rather than RESC) so - if that's the case - ensure it is still set as SGA here:

    image.png

    … with the same STP2 Tax Tracking Type (eg "None" - as per ordinary Employer SG Super)

    You will then be able to enter the specific ("4%") percentage rate:

    image.png

    😊

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Answers

  • DiSmith
    DiSmith Member Posts: 10 Reckoner Reckoner

    Thank you, yes, quite correct - DOH🤦

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