Reckon Accounts Hosted 2020 is now available!
This update will ensure you remain compliant and breeze through the 2020/21 financial year with the following:
2020/21 PAYG TAX TABLES
Changes to income tax tables will take effect from 1 July 2020, including the Student Loan repayments. The new tax rates are automatically calculated so you are always paying the correct amount.
NSW STATE PAYROLL THRESHOLD UPDATE
This update includes the latest NSW state payroll threshold that has been increased from $900,000 to $1 million, effective from 1 July 2020.
LODGE TAX FILE NUMBER DECLARATIONS VIA RECKON GOVCONNECT
You can lodge employee Tax File Number (TFN) Declarations using Reckon GovConnect. The TFN Declaration will be added to future STP submissions where there are pay details of the employee. Save time on manual processing!
Save time on admin with the new special tag feature. Special tags can be used in emails which will be replaced by the relevant information when the email is sent.
To find out all the new features and enhancements, CLICK HERE.
HOW DO I UPGRADE?
When you log in to Accounts Hosted, you will see a new 'Accounts 2020 R2' button which includes the new update. We recommend that you read the UPGRADE GUIDE before updating your file.
Important: The new tax tables take effect from 1 July 2020. You must process employee pays for the 2019/20 financial year prior to updating your file. Once you have updated your file, you will not be able to re-open the original Reckon Accounts 2019 release.
Ensure you keep a backup of your company data files. The previous version will remain available until 7th August to allow you to upgrade at a time that is suitable.
WE'RE HERE TO HELP
We've also extended our support hours from 23 June to 12 July 2019 to assist you during the EOFY period. Don't forget to check out our EOFY Hub - it's packed with resources to help you through this busy time!
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