Salary Sacrifice - superannuation
SueCurtis
Member Posts: 3 Novice Member
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
0
Comments
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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
(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!)
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