#TipTuesday - Initial YTD in payroll reports! 📄

Rav
Rav Administrator, Reckon Staff Posts: 14,170 Reckon Community Manager Community Manager
in Reckon Payroll
Initial YTD in Payroll Reports.png

This week's #TipTuesday is a super handy one that we've received a lot of feedback on for a little while.. The ability to include employee initial YTD balances in all relevant payroll reports!

Why adding initial YTD balances to your payroll report is useful

This allows you to get a more complete picture in terms of employee balances, and it will be particularly helpful at EOFY time or if you've migrated to Reckon One part-way through the financial year. Speaking of EOFY, we heard lots of feedback that reconciling employee balances was proving to be a challenge as the Payroll Summary Report did not include any balances entered to an employee as an initial YTD balance.

While the new Employee Earnings Summary report released earlier this year resolved that challenge, we know a lot of folks use the Payroll Summary Report to view employee balances and now you can include initial YTD balances in that report too!

Adding initial YTD to your payroll report

To add initial YTD balances to your Payroll Summary Report, click on Show More Options ➡️ Select Yes to include Initial YTD ➡️ Click the Refresh button

That's it! Your report will refresh and include any initial YTD balances that have been entered on the selected employees.

Initial YTD - R1.gif

Which reports can you add initial YTD balances to?

You can add initial YTD balances to the following payroll reports:

  • Payroll Summary Report
  • Employee Earnings Summary
  • Super Contributions by Employee
  • Super Transactions
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Comments

  • Eric Murphy
    Eric Murphy Member Posts: 542 Reckon Hall of Famer Reckon Hall of Famer

    @Rav you've stated the new employee earnings summary report in your post. Is that what I should use to track employee pay throughout the year and at eofy?

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,170 Reckon Community Manager Community Manager

    Absolutely @Eric Murphy!

    In my opinion, the Employee Earnings Summary report is a superior report to the Payroll Summary report as it clearly outlines all pay, tax and super components that an employee has been paid along with their totals and overall grand totals.

    Since its itemised you can clearly see earnings and leave components whereas in the Payroll Summary report earnings and leave are grouped together which doesn't provide as much transparency.

    My recommendation would be to set the Employee Earnings Summary report as a favourite report so its easily available from your menu and you can raise it any time you need but also, yes when its EOFY time, I'd recommend using this report as your main aid for reconciliation.

  • Eric Murphy
    Eric Murphy Member Posts: 542 Reckon Hall of Famer Reckon Hall of Famer

    Thanks Rav, that's good to know

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