Salary Sacrifice

Sharyn TaylorSharyn Taylor Member Posts: 1
edited October 2019 in Payroll Premier
Just want to check that my payroll is correct before I finish off for the year.  Have had 4 employees salary sacrifice approx $30,000 for the year.  This is all correct in super reports and listed on payment summary but should it be included in total gross for the year?

Comments

  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited October 2019
    No it should not. The tax tracking type should be none. The super should be Salary sacrofice (it will appear at the RESC box)
  • Preece MitchellPreece Mitchell Member Posts: 21
    edited February 2019
    Kevin in Reckon's video "creating salary sacrifice" they say to make tax tracking type to gross payments & select payg for tax. Your saying this is incorrect?
  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited February 2019
    Whew. Its took a while but I'm glad you corrected that. I dont know WHAT I was thinking Happy new year Kr
  • Preece MitchellPreece Mitchell Member Posts: 21
    edited February 2019
    Sorry I'm just scrolling through posts for help in setting up SS. Just trying to get clarification on this before calling reckon support in Mumbai.
  • Preece MitchellPreece Mitchell Member Posts: 21
    edited February 2019
    So if you sacrifice $20,000 for the tax year to super, where should this be reporting to? Obviously super liability account but the expense account should be salary sacrifice and not gross wages right? There's no option for this in Reckon though that I can see.
  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited February 2019
    Ah Bangalore I think Preece
  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited February 2019
    Its superannuation. Not gross wages yes
Sign In or Register to comment.