RESC amount on STP is incorrect or does not agree with my payroll reports

Legacy KB ID: 3621

Question

Why is Reckon Accounts reporting the RESC amount on the Payment Summary and/or STP incorrectly?

Answer

The RESC field will report all Super amounts paid from pre-tax earnings above the statutory 9.5%, or where a collective agreement exists, above the agreed rate.  For more information on RESC users should refer to their accountants or click here for the ATO’s information page.

 

Reckon Accounts reports all super salary sacrifice (SS) and employer additional (EA) super items to RESC.  QuickBooks will also report amounts in excess of the statutory 9.5% for Super Guarantee Act (SA), and in excess of the collective agreement rate (CA) super items, if the option Calculate RESC difference for SA and/or CA payroll items is ticked in Preferences for Payroll & Employees. 

 

YTD adjustments with RESC-related items will not be included on reports, but they will be included in the STP. 

Solutions

Make a new backup of your company file.  Do not override existing backups.

  1. click on Reports, then Super Report by Employee;
  2. click on the Modify Reports button and change date to This Financial Year;
  3. in the columns box tick RESC Amount and click OK;
  4. Examine the RESC Amount column entries for irregularities;
  5. Correct errors by refreshing the relevant pays – follow steps 2(g) to 2(k) from solution 1 (above).
  6. Continue until all irregularities resolved.

Your STP should now report RESC correctly.

If this step did not resolve the problem completely, repeat these steps with a Super Report by Fund.


Additional Note

If you have entered a YTD adjustment that has included




Need more help?

Ask the Reckon Community at: https://community.reckon.com/reckon.

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Underlined Amounts in the Profit & Loss Report

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