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Superannuation on P&L different to total amounts in pay runs
Hi, I've noticed when I run a P&L report the superannuation amount is different to the actual amount which is in the pay runs. I have checked I am using the same dates for comparison, all the pays have the correct amount of superannuation, all the settings are for the correct percentage of superannuation but the total on…
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How to fix incorrect YTD RESC for Super?
Hi team, My FY22 pre-filing report on the ATO portal shows an incorrect RESC amount (it was double the correct value). I have traced the problem to the app's YTD value - this had been set to the RESC contribution value when it should have remained at 0, as it had also been included in the FY22 pay runs. This has doubled…
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How to handle Super Guarantee for employees under 18 from 1 July 2022 (Reckon Accounts Desktop 2022)
How do I handle Super Guarantee for employees under 18 from 1 July 2022 onward? What's happening? From 1 July 2022, the $450 per month threshold for super guarantee is being removed. Employers will be required to make super guarantee contributions to eligible employees regardless of how much the employee is paid. For those…
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How to handle Super Guarantee for employees under 18 from 1 July 2022 in Reckon Accounts Hosted 2022
How do I handle Super Guarantee for employees under 18 from 1 July 2022 onward? What's happening? From 1 July 2022, the $450 per month threshold for super guarantee is being removed. Employers will be required to make super guarantee contributions to eligible employees regardless of how much the employee is paid. For those…
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How do I handle super for under 18's working less than 30 hours per week in the Payroll App?
Processing superannuation for employees under 18 working less than 30 hours per week From 1 July 2022 the $450 per month threshold for super guarantee was removed and employers will be required to make super guarantee contributions to their eligible employees super fund regardless of how much the employee is paid. For…
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Creating a custom super item in Reckon Payroll Web
Creating a custom super item in Reckon Payroll Web You have the ability to create various superannuation-type items in Reckon Payroll. The available superannuation types are; Super Guarantee Employer Additional Productivity Collective Agreement Salary Sacrifice Member Voluntary Spouse Deduction Creating a new Custom Super…
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Creating an employee super fund in Reckon Payroll Web
Creating a super fund and assigning it to an employee An important part of the payroll process is the ability to assign your employee's choice of superannuation fund. You can now set up Australian Prudential Regulation Authority (APRA) and self-managed type super funds in the Reckon Payroll App (Web Access). We have broken…
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Creating a super fund and assigning to an employee in the Reckon Payroll App
Creating a super fund and assigning it to an employee An important part of the payroll process is the ability to assign your employee's choice of superannuation fund. You can now set up Australian Prudential Regulation Authority (APRA) and self-managed type super funds in the Reckon Payroll App. Please ensure you have…
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Creating a custom super item in the Reckon Payroll App
Creating custom super items in the Reckon Payroll App You can now create various superannuation item types in the Reckon Payroll App! Please ensure you have downloaded version 4.0.2 of the app or later from your app store in order to have access to this feature. The available super item types are Super Guarantee Employer…
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Reckon One tax update is live!
Reckon One tax update for 2022/23 is live! Login in now to breeze through the 2022/23 financial year with the following updates. 2022/23 PAYG tax tables Changes to income tax tables will take effect from 1 July 2022, including the Student Loan repayments. Reckon One will automatically choose the 2022/23 PAYG tax tables…
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U18 employee meets $450 Super threshold in fortnightly pay but super not calculating
Super fund is entered, Employee pay set up includes super, however, Pay exceeds $450 (first pay over $450) however super guarantee is not calculating in pay run. How do I ensure super guarantee is calculated and listed in the pay run?