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Reckon Elite

 

Reckon Elite Practice Management

Practice Management

Product Update | 1.20.10.0

The following application changes have been made within this version:

  • Corrected an issue which prevent PP income amounts being transferred from a Partnership return to a linked partner return.
  • End of July ATO SBR specifications, including -
    • Update for rule IITR.730488.  Working holiday maker net income can now be provided without requiring an Income Details schedule (e.g. where the income was reported through the business item).
Reckon Elite Tax

Reckon Elite Individual Income Tax Return (IITR)

Product Update | 20.0.5.0

The following application changes have been made within this version:

  • Rental schedule allows calculated taxpayer's share amounts to be overridden.
  • A workaround solution for validation error RNTLPRPTY.000027 has been implemented, until the ATO correct the underlying issue. There is no expected date yet for the ATO fix.
  • Corrected mandatory field validations in Q13 - Distribution from partnerships.
  • Corrected the rounding behaviour of several fields in Q13 - Partnerships and Trusts.
  • Added validation rules for mandatory fields in Q8 - Australian superannuation lump sum payments.
  • Corrected the rounding of NRAS amounts entered into Q13, which could cause validation rule IITR.730428 to trigger.
  • Foreign country codes have been removed from Q10 - Interest.
  • Corrected the printing for the Dividends and Foreign pension and annuity worksheets.
  • Corrected the calculation of Assessable foreign income to include foreign rent amounts which could cause validation rule IITR.730088 to trigger incorrectly.
  • Corrected an issue in Q24 - Other income which could cause validation rule IITR.730255 to trigger when no balancing adjustment amounts were present.
  • Automatically populating the correct code for D15 Other deductions when interest deductions from foreign rentals have been transferred.
Reckon Elite Tax

Reckon Elite Single Touch Payroll (STP)

Product Update | 21.0.1.0 | 19.3.0.0

The following application changes have been made within this version:

  • Updated the list of TFN's allowed in Payee worksheets.  See here for details.
Reckon Elite Tax

Reckon Elite Ledger

Product Update | 20.0.0.0

The following application changes have been made within this version:

  • Updated Ledger to Tax function for 2020.