Reckon Accounts Desktop: RESC amount on STP is incorrect or is added to the Gross

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 rate, 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 rate 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. 

Solution:

  1. Click on Reports.
  2. Go to Employees and Payroll.
  3. Select Super Report by Employee.
  4. Click on the Modify Reports button and change date to This Financial Year.
  5. In the Display tab, under Columns, tick RESC Amount and click OK.
  6. Examine the RESC Amount column. You are typically looking for $0.00 RESC amounts with Super Type SS.
  7. Correct errors by refreshing the relevant pays:
    1. Double-click this $0.00 figure to open the paycheque.
    2. Click Open Paycheque Detail...
    3. Toggle Unlock Net pay.
    4. Delete the Salary Sacrifice item.
    5. On a new line, re-enter the Salary Sacrifice item.
  8. Continue until all RESC figures have correct values.

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.

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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