SALARY SACRIFICE SUPER PAYROLL ITEM

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920212
920212 Member Posts: 3

Hello,

I have tried to set up a new Payroll Item Salary Sacrifice Superannuation account, however it is being taxed incorrectly. I have set it up exactly the same as all my others but the tax on this one just won't calculate correctly.

It is set up as SS, tax tracking is Gross, PAYG tax box is ticked, no qty ticked, default rate entered, and applicable payroll items selected .

Where have I gone wrong please ??

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,437 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2023
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    Hi There


    Go into your PAYG Tax Payroll Item & tick this new SS Super Payroll Item under Include Wages in PAYG Tax. (Unfortunately, new ones often need to be selected/deselected as applicable on the other Payroll Items affected 😬)

    TIP: Payroll Items should be generic, not employee-specific - The rate should be specified in the applicable employee's record, rather than on the Payroll Item itself 😊

    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

    https://accounted4.com.au

    (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!)