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What's new - Reckon Accounts 2021 R1

Reckon Accounts 2021 R1 is released and available for NZ users (Desktop & Hosted) and AU users (Desktop).

Reckon Accounts Hosted for AU is generally released in late June to include tax & budget updates.


Reckon Accounts 2021 R1 contains exciting new features and enhancements requested by our customers, as well as bug fixes.


New features

Outlook V2 (beta) integration

Applies to the Australian and New Zealand Desktop versions.

We have re-written the integration between Reckon Accounts and Microsoft Outlook utilising the latest technology available from Microsoft to allow Microsoft Outlook to email forms from Reckon Accounts efficiently. Based on our test results and beta tester feedback, the majority of issues that our users experienced when emailing a form from Reckon Accounts via Outlook have been fixed.

Please note that you will need Microsoft Outlook installed on your computer to use this email integration feature.

To enable the new Outlook V2 integration, you will need to:

  1. In Reckon Accounts, go to Edit > Preferences > Send Forms > My Preferences
  2. From the Email provider menu, choose Outlook V2 (beta)
  3. Click OK

Once enabled, emails sent from Reckon Accounts will use the new Outlook V2 (beta) integration.

This feature is in beta state because we are still collecting results from our users and we will make further changes to this integration if required. If you continue to have issues emailing from Reckon Accounts, please do let us know so that we can look into them.


Between option added to the amount filter

Applies to the Australian and New Zealand versions.

You can now add a range of amounts when searching for transactions in both the Find and Reports areas of Reckon Accounts.

Find window

You can find this option from: Edit > Find > Advanced > Amount


Reports

You can find this option from: Modify Report... > Filters > Amount.

Please note that the filter applies to the transaction amount, not on the Amount/Total shown in a Report.


Add totals to the qty column in reports

Applies to the Australian and New Zealand Desktop versions.

The Total row of the Qty column will now show in the supported reports listed below, enhancing the readability of the reports.


Supported reports

Report Name

Sales by Customer Detail

Sales by Item Summary

Sales by Item Detail

Sales by Rep Detail

Open Sales Orders by Item

Open Purchase Orders by Job

Purchases by Supplier Detail

Purchases by Item Summary

Purchases by Item Detail

Open Purchase Orders by Job

Gross Margin by Inventory Item (available under Retail Edition)

Sales by Product (available under Manufacturing & Wholesale Edition)


Row colour changes as you select a transaction in the reconcile window

Applies to the Australian and New Zealand Desktop versions.

In the Reconcile window, when you select a transaction from Cheques and Payments and Deposits and Other Credits tables, the row colour will now change to make the reconciliation easier for you to process.


Compliance update - AU

Applies to the Australian versions only.

Changing employee number shows a warning message

Changing an employee's Employee Number may have an impact on the Year-To-Date (YTD) totals if you have reported the employee via STP.

We now show a warning message if you change the Employee Number of an employee so that you are aware of the effect this may have on STP reporting. Please check with your Accountant or with the ATO to determine if this impacts your business.


State payroll threshold update

Queensland

The Queensland State Payroll threshold has been updated. You can find more information here.


Tasmania

The Tasmania State Payroll threshold has been updated. You can find more information here.


Compliance update - NZ

Applies to the New Zealand versions only.

Payday filing v2

Reckon Accounts 2021 contains the Payday filing v2 changes for the New/Departed Employees and Employment Information to file Payday to the Inland Revenue.

Payday filing v2 is mandatory from 1 April 2021. Users who are running an older version of Reckon Accounts will need to upgrade to Reckon Accounts 2021 to be able to file the New/Departed Employees and Employment Information to the Inland Revenue from 1 April 2021.
You can learn more about Payday filing v2 from here.

The e-file checker has been updated to support the Payday export v2 so that you can review the data before you file the employee data.


Changes to the super window

You are now required to provide more information for an employee's KiwiSaver to file New/Departed Employees.

KiwiSaver eligibility

KiwiSaver eligibility is required for the New/Departed Employees. The available options for the KiwiSaver eligibility are:

  1. NE - New Employee
  2. EE - Existing Employee opt-in
  3. EA - Existing Employee Auto-enrol KiwiSaver

KiwiSaver status

A KiwiSaver status is required for the New/Departed Employees. The available options for the KiwiSaver status are:

  1. AE - Auto-enrol
  2. AK - Active KS member
  3. OK - Opting into KiwiSaver
  4. NK - Not eligible for KS
  5. CT - Casual/temporary employee

Late opt-out reason

A late opt-out reason is required when the employee opted-out 56 days from their employment date (hire date in Reckon Accounts).

The available options for the late opt-out reason are:

  1. INFO - Employer did not provide a KiwiSaver information pack within seven days of starting employment.
  2. IRIS - IR didn’t send an investment statement upon allocation to a default scheme.
  3. ERIS - Employer didn’t provide an investment statement (for the employer chosen KiwiSaver scheme).
  4. EVNT - Events outside of control meant the opt-out application was unable to be submitted within the eight-week time limit.
  5. CRIT - Did not meet the criteria to join KiwiSaver (see Employee information pack (KS3) for criteria).
  6. INER - Incorrectly enrolled under the age of 18.
  7. OTHR - Other explanation. You will need to provide Other late opt-out reason if you choose this option. Please read the next section for more information.

If you have chosen OTHR, then you will need to provide the details in the text box provided. Please note that this text box accepts up to 500 characters.

The above information will be added when you export the New/Departed Employees details.


Changes to the tax window

Employee exempt income option is now available in the Tax Window.

The available options for the Employee exempt income are:

  1. BLH - provide board-lodging-use of a house or part house or equivalent allowance.
  2. TAO - taxable allowances for accommodation and living costs overseas.
  3. VBS - Some payments under a Voluntary Bonding Scheme
  4. RTA - Retiring allowance.
  5. OES - Overpayment of an amount of an employer’s superannuation cash contribution.
  6. HPT - Some Honoraria payments.

Student loan deductions rate and thresholds

The Student Loan annual repayment threshold has been changed to $20,280 (previously $20,020).


New tax codes and threshold updates from 1 April 2021

  1. $180,000 annual income threshold has been added to the existing Tax Codes ST and ST SL. Employee who earns between $70,001 $180,000 annually, will fall under these Tax Codes.
  2. New Tax Codes: SA and SA SL have been added where the annual Secondary income of an employee is greater than $180,000.

The new Tax Codes have been added to the Tax window of an employee:


Changes for SLBOR, SLCIR and ESS

SLCIR, SLBOR and ESS are no longer accepted as a valid tax code from PayDay filing v2. These payments have their own separate fields in the EI export.


Resolved bugs


To be emailed

"To be emailed" checkbox was not selecting automatically if a Customer's "Preferred Send Form Method" is "Email". This issue is now resolved.

Please ensure that from Edit > Preferences > Send Forms > My Preferences > you have selected "Automatically tick the 'To be emailed' check box if customer's Preferred Send Form Method is Email".


Transaction total tag doesn't show value if multi-currency is enabled

If your company has multi-currency enabled and you used the <Transaction-Total> tag in your email template, the data was not populating. This issue is now resolved.


Online fund transfer checkbox hides the exchange rate (New Zealand version only)

In New Zealand versions, the Online Fund Transfer was hiding the Exchange Rate section. This issue is now resolved.


SDK changes

The below changes apply to third-party integration providers.

Support for gross amounts

The Reckon Accounts SDK now allows you to send Gross amounts to the supported types of transactions. You no longer need to calculate the Net price, which caused rounding issues in some circumstances. You can find the sample payloads here.

Supported transactions
  1. Invoice
    1. Add
    2. Modify
    3. Query
  2. Sales Order
    1. Add
    2. Modify
    3. Query
  3. Sales Receipt
    1. Add
    2. Modify
    3. Query
  4. Credit Memo
    1. Add
    2. Modify
    3. Query
  5. Estimate
    1. Add
    2. Modify
    3. Query
  6. Bill
    1. Add
    2. Modify
    3. Query
  7. Purchase Order
    1. Add
    2. Modify
    3. Query


Resolved SDK bug in purchase orders

You could not import Purchase Order if it contained Tax Code info of an item. You can now post Purchase Order with Tax Code in your payload.

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