What’s included in this update?
Payday Super sets super contributions to align with salary and wages, helping employees build their retirement fund and reduce the chance of missing a contribution. For employers, this means more admin time, plus pressure to get super payments done right. Enter Reckon’s Automatic Super Payments feature, which lifts the burden of admin stress and provides peace of mind that users’ employees’ super is paid correctly and on time.
Update Benefits
With Reckon One’s automatic super payments, users benefit from:
Reduced manual entry
Previously, super was a payroll task still completed by hand through clearing journals in your accounts and keying in set payments after every lodgment. Now, Users can automate the process by setting up recurring super payments through Reckon Payroll using Beam to facilitate batch contributions.
Faster reconciliation of super payments
With super payments automated, users spend less time at their desks reconciling journals and transactions. This gives users more control and time to invest in other parts of their operations and business.
Payment lodging flexibility
Reckon automatic super payments offer flexible setup and payment options. Users can toggle the feature on or off, and when payments are involved, lodging can be facilitated via direct debit, EFT, or BPAY.
What’s next?
With Reckon Payroll’s automatic super payments feature update, users can manage, review and confirm their employees’ super contributions without the hassle of manual admin tasks. Reckon payroll software gives customers the tools they need to understand their finances and manage their business. Stay tuned for upcoming developments in Reckon payroll.
