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RESC amount on the Payment Summary is incorrect or does not agree with my payroll reports
ID: 3621 Category: Accounts - Business Range - Desktop & Hosted (previously QuickBooks) Status: Resolved Views: 6600


Question:

Why is QuickBooks reporting the RESC amount on the Payment Summary incorrectly?



Solution:

The RESC field will report all Super amounts paid from pre-tax earnings above the statutory 9%, 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.


 


QuickBooks 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% 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. 


 


QuickBooks will only make the calculations for RESC for pays processed in QuickBooks 2009/10 R2 versions and later.  If you did not upgrade to QuickBooks 2009/10 R2 or later before processing your first pay in the financial year, then the pays processed before the upgrade will not have RESC calculated and are not being reported in the Payment Summary.

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


 


Solutions



Solution 1:  If you upgraded to QuickBooks 2009/10 R2 or later after the first pay in the financial year had been processed.

Solution 2:  If all pays have been processed in QuickBooks 2009/10 R2 and later.


Before starting on a solution, make a new backup of your company file.  Do not override existing backups.


Solution 1:  If you upgraded to QuickBooks 2009/10 R2 or later after the first pay in the financial year has been processed.



  1. Ensure your company file is configured to calculate RESC for excess super in SA and CA super items:

    1. Click on Edit, then Preferences, then Payroll & Employees and then Company Preferences;
    2. Tick the box Calculate RESC difference for SA and/or CA payroll items and click OK.

  2. Open each pay processed before the upgrade and refresh all RESC-related super items – SA, CA, SS and EA:

    1. Click on Reports, then Employees & Payroll and select Payroll Item Detail;
    2. Click on the Modify Report button and change the date range to the period 1 July 2009 to the pay before the upgrade;
    3. Click on Filter and in the choose Filter box select Payroll Item;
    4. In the Payroll Item box select Multiple payroll items;
    5. Then select all super payroll items of SS and EA and any SA and CA type items that paid excess amounts; click on OK;
    6. Print out the report.
    7. Double click on the first item to open the Paycheque window;
    8. Click on the Paycheque Detail button to open the Review Paycheque window;
    9. Click on Unlock Net Pay at the bottom of the screen, take note of the releveant super amounts, delete these super items, reinput the super items with the same amounts;
    10. click OK to save changes and close the Review Paycheque window; click Save & Close to save the Paycheque window;
    11. continue with these steps until all relevant super items for all affected employees have been refreshed.  

Your Payment Summaries should now report RESC correctly.


 


Solution 2:  If all pays have been processed in QuickBooks 2009/10 R2 and later



  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 Payment Summaries 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.au/reckon.



Related Issues:
No related issue is available.

Submitted: 23/06/2010 Modified: 26/06/2018


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