I have just found out that Reckon Accounts DOES NOT pay superannuation on Holiday Load. The ATO rules that we need to pay super on Loading.

  • 1
  • Problem
  • Updated 4 weeks ago
I have just found out that Reckon Accounts DOES NOT pay superannuation on Holiday Loading. In our industry the ATO have ruled that we need to pay super on on Holiday Loading. When can this be corrected in Reckon Accounts
Photo of Chris Nicoll

Chris Nicoll

  • 80 Points 75 badge 2x thumb

Posted 4 weeks ago

  • 1

Hi Chris

 

Originally, Super wasn’t payable on HL but the beauty of RA is that all the Payroll Items can be configured/edited as per your requirements.

 

Double-click on the Holiday Loading Payroll Item & cycle through the windows until you get to Inclusions then just tick/select your Super Payroll Items to be included :)

 

 



Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com

Photo of Chris Nicoll

Chris Nicoll

  • 80 Points 75 badge 2x thumb
Thanks Shaz - I have had all the super items ticked as an inclusion but now I look back to when I last paid my staff their holiday leave loading - super definitely was not paid on the leave loading amount.
Photo of John Graetz

John Graetz

  • 24,502 Points 20k badge 2x thumb
Hi Chris.  Do you have the Leave Loading set up as a separate Payroll item?  It can happen at times that when you make a significant change to an item, such as this (where SGC is now calculated whereas it wasn't in the past), that it might not update in the Employee Record unless you refresh the item in the Employee Record.  By that I mean, deleting the item and reinserting it again.  I know from experience there are occasions on which this can occur.  You could run this as a test for one employee, doing a dummy run and paying Leave Loading and see whether or not my suggestion changes anything.
John L G