Salary Sacrifice - superannuation

SueCurtis
SueCurtis Member Posts: 2 ✭
edited March 2021 in Reckon Accounts (Desktop)

When I try to post salary sacrifice superannuation amounts it adds to the gross and gives me a negative amount as the net pay.

Where am I going wrong - we are using Reckon Not for Profit edition.

Sue

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    It will be due to the configuration of the SS Payroll Item. Check the key areas of it are set as:

    * Payroll Item Type = “Company Contribution”

    * Super Contribution (dropdown option) = “Salary Sacrifice (SS)”  

    * Tax Tracking Type = “Gross Payments”

    * Taxes = All ticked (this allows the PAYGW to calculate on the reduced/adjusted gross)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

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