Reckon (prev. Quickbooks) EOY Super and Tax Table changes
July 1, 2014
For those of you running Reckon Accounts via the cloud, your upgrade will include the following changes. If you need to run the upgrade manually and to check the changes have taken effect, use the following instructions.
Before you do upgrade your software:
Ensure you have finalised and reconciled all 2014 FY payroll
Processed and SAVED your payment summaries
Run a full backup of your company file.
To Check Tax Tables:
Go to Employees > Tax Table Information
Verify that the tax tables are from 1/7/2014. If they are not, you will need to upgrade your Reckon software.
To Change Superannuation Rate to 9.5%
Go to Lists > Payroll Item List
Double click on your Superannuation Guarantee Payroll Item
Select "Next" until you reach the "Default rate and limit" section.
Change the rate in the first field to 9.5%. Be sure to include the "%" symbol.
Select "Next" twice and then "Finish" to save.
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