Salary Sacrifice - superannuation

SueCurtis
SueCurtis Member Posts: 3 Novice Member Novice Member
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: 3,767 Reckon Accounts Hosted Elite 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 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)