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Reckon / Quickbooks – not accepting Tax File Number (TFN) on employee card

images/BusinessFinancials.jpgQuery - A customer emailed saying they found Reckon/Quickbooks had not accepted a Tax File Number (TFN) when setting up an employee card.

Answer

1.      First, check there are 8 or 9 digits in the TFN.

2.       Second, Reckon/Quickbooks in later versions, has an in-built tester to validate a TFN – at a post at Wikipedia, it is explained that the ATO uses an algorithm “based on simple modulo[3]

(As an) example - given the TFN `123456782`, can be checked by the following process

1

 

2

 

3

 

4

 

5

 

6

 

7

 

8

 

2

x

 

x

 

x

 

x

 

x

 

x

 

x

 

x

 

x

1

 

4

 

3

 

7

 

5

 

8

 

6

 

9

 

10

=

 

=

 

=

 

=

 

=

 

=

 

=

 

=

 

=

1

+

8

+

9

+

28

+

25

+

88

+

42

+

72

+

20

=

253

The sum of the numbers  1 + 8 + 9 + 28 + 25 + 48 + 42 + 72 + 20 = 253.

253 is a multiple of 11 (11 × 23 = 253). Therefore, the number is valid.

Reckon uses the number check to validate the TFN, so re-check the employee gave the correct TFN. If it is still not accepted, a call to Reckon will be required to solve a detailed Tech. issue – call Reckon Australia on 02 9577 5000

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Call for FREE30min advice 0407 361 596 or click for the list of our articles.


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Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
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