TABLE OF CONTENTS
Whatโs included in this update?
Payday Super is on the horizon, and businesses need to know that their payroll software is compliant and ready for the biggest payroll update since Single Touch Payroll.
From 1 July 2026, employers are required to calculate their employeesโ superannuation guarantee contributions on a new concept: Qualifying Earnings (QE). Reporting QE will be a new component of STP reporting to the ATO.
Enter Reckon Payrollโs new Qualifying Earnings reporting update.
Reckon Payroll will allow users to conduct their payroll with confidence by applying QE, calculating the super guarantee on QE, and fulfilling QE reporting requirements to the ATO.
Update Benefits
With Reckon Oneโs Qualifying Earnings Reporting update, users will benefit from:
Staying compliant with new payroll legislation
Users will be able to add QE at the pay item level for earnings, leave, and allowances for their employees. QE will be calculated per pay run and reported via STP when Payday Super takes effect in July 2026. This ensures compliance with the ATO come Payday Super.
Flexibility and maintenance of current configurations
Existing users can choose between two options. Firstly, they can either manually review and update pay items or, secondly, allow Reckonโs payroll system to automatically apply default QE settings based on existing SG or collective agreement configurations. This allows for quick compliance or a more detailed approach to determining QE on an employee’s salary/wages.
Give full reporting details
Users can define which components of pay contribute to QE without changing their existing superannuation calculation logic. This is a plus for admins who like to know exactly what is and isnโt part of the new changes.
Whatโs next?
With Reckon Payrollโs new QE reporting update, users can make sure that their payroll system is ready to go for Payday Super. By using Reckon accounting and payroll software, customers have the tools they need to understand their finances. Stay tuned for upcoming developments in payroll.
