Quickbooks tax tables not updating
The EMPDUPE file and Payment Summaries have both been modified to cater for these situations.
All employee pays dated 1 July 2017 or later Reckon recommends that these be processed using Reckon Accounts 2017 R2 (i.e.
In addition, it doesn’t require as much manipulation of the CSV file up front.
The product is a bit more expensive, but for 9.95 you save a lot of work (and you can use this tool for many other types of imports).
When logging in, you, and all users on your Hosted account, will see a second icon for the R2 release.
Be sure to follow all instructions in the Reckon Installation & Upgrade Guide when you are ready to upgrade your file to the R2 version.
The only reformatting that was necessary was to get a unique name. Please note that you must use version 5.09 (or later) of the Transaction Pro Importer – earlier versions don’t support importing of sales tax items.
As before, I always recommend that you make a backup of your Quick Books file before proceeding.
It is important not to load the Tax Table update until you have fully completed your last pay run for the 2016/17 financial year (please note this is usually based on the day that you normally pay the employees - not the pay week ending - so if you pay employees on the 1st of July for the week ending the 30th of June then this pay would be considered as a part of the next financial year).The following information is an extract of the procedures advised by Reckon in relation to the 2017 Reckon Accounts Tax Table Update - You will need to have Reckon Accounts 2017 installed and licenced and you will also need to be an eligible Reckon Customer who is entitled to the update which can also be accessed via the Members area the Reckon website by using your Reckon ID and PIN (access the Reckon website by simply clicking on the below icon).Where the pay date is 30 June 2017 or earlier, Reckon recommends employee pays be processed using Reckon Accounts 2017 R1 (or earlier), unless you have Holiday Workers subject to the "Backpackers Tax" paid in the 2016/17 year or you have Reportable Fringe Benefits and you are a Tax Exempt employer.You CAN corrupt your Quick Books database if you aren’t careful.Before using this, make a backup copy of your Quick Books file!
Let’s take a look at a way to get updated sales tax rates for free and import them into Quick Books. Here’s an example of what the file for California looks like, in Excel.