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Installation guide - Reckon Accounts 2020 October Tax update

Overview

Reckon Accounts 2020 October Tax Update contains the latest Tax Table updates that came into effect from October 2020.

To learn more, click here.


Installation Guide

Reckon Accounts 2020 October Tax Table Update is an update for Reckon Accounts 2020 R2 customers. It includes tax tables for the 2020/21 Financial Year as per the October 2020 Budget.


Who needs to install this Update

This update is for ALL versions of Reckon Accounts 2020 R2. If you currently use Reckon Accounts 2020 Plus, Premier and Enterprise Payroll Functionality, you MUST install this update to be compliant for the 2020/21 Financial Year.

If you are using Reckon Accounts 2020 R1, you will need to upgrade to Reckon Accounts 2020 R2 (July Tax Table update) before you can install this new tax update patch.
You can download Reckon Accounts R2 by clicking here.

If you are using older version of Reckon Accounts, you will need to upgrade to Reckon Accounts 2020 first and then upgrade to 2020 R2 before you can install the October Tax Update.
You can download Reckon Accounts R1 by clicking here.

Products affected:

  1. Reckon Accounts Enterprise 2020 R2
  2. Reckon Accounts Premier 2020 R2
  3. Reckon Accounts Plus 2020 R2
  4. Reckon Accounts Accounting 2020 R2


Countries applicable: Australia

File name: Reckon_Accounts_2020_Oct_Tax_Update.exe


Installing Reckon Accounts Tax Table Update

This product contains tax tables for 2020/21 Financial Year that take effect from 13 Oct 2020.

You must process employee pays for the prior period before installing this update.

Otherwise your prior pay calculations may not be correct.

Once you have installed this update, Reckon Accounts will use the 2020/21 October tax tables to calculate pays.


Steps BEFORE Installing Tax Table Update
  1. Process all pays for the pay periods up to 12 Oct 2020.
  2. Rebuild your Reckon Accounts 2020 R2 Company file(s)
  3. Create a backup of your Reckon Accounts 2020 R2 company file(s)
  4. Exit from Reckon Accounts 2020 R2


Steps for Installing Tax Table Update
  1. Download the Reckon_Accounts_2020_OCT_Tax_Update.exe file from HERE and save it to a location on your hard drive (For example, C:\[temp] or the Desktop);
  2. You must reboot your PC and ensure that Reckon Accounts remains closed during the update process
  3. After rebooting the PC, you may need to stop the following Reckon Accounts services:
    1. QBCFMonitorService or Database Manager Service &
    2. QuickBooksDB29
    To do this:
    1. Click on Start or the Seach button (next to the Start menu) > type services.msc
    2. Find Database Server Manager or QBCF Monitor Service, right-click and select Properties
    3. Click on the Stop button.
  4. Use Windows Explorer to locate the Reckon_Accounts_2020_Oct_Tax_Update.exe, the file you just saved, and double-click it to run the setup program.
    [Windows Vista users only] Prior to installing the update ensure that you have UAC turned on and you are logged in as an Administrator.
    UAC is User Account Control. Go to the Control Panel, click User Accounts. Click here for instructions.
    For all Windows Server installations, the installation must be started via the Add/Remove feature with the Control Panels Add or Remove programs.
  5. Follow the on-screen instructions to install Reckon Accounts 2020 Tax Table Update. After installing the update successfully, you can delete the Reckon_Accounts_2020_Oct_Tax_Update.exe file. Alternatively, save it to a safe location in case you need to re-install Reckon Accounts and this update at a later date.
  6. To check if you have installed the October Tax Update correctly, in Reckon Accounts 2020 Plus, Premier and Enterprise, customers can also verify by checking the tax table version page.

    To do this:
    1. Go to the Employees Menu and select Tax Table Information.
    2. The Tax table version number will remain as 2021292,
    3. Click on Tax Table Info button
    4. You will notice a new line that says:
      "*Contains changes which came into effect on 13th October 2020."
    5. It indicates that you have installed the update successfully.

If you are using Reckon Accounts 2020 in a multi-user environment, you need to install this update on all workstations accessing your company file. You cannot use a company file in a multi-user environment unless all installations are updated to the same version. Please note that in network environments where you are using the Database Manager on a standalone server, the database manager DOES NOT require this upgrade.

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