STP Salary Sacrifice

Options
Cobey
Cobey Member Posts: 13

we have gone through the STP2 wizard and have allocated the tax tracking type for Pay Item Salary Sacrifice as ‘Salary Sacrifice – Superannuation’ which puts the sacrifice amounts under SGC and Salary Sacrifice columns respectively in the ATO submission portal

There is question regarding the salary sacrifice amounts; are they supposed to be under the RESC column as it was in STP1?

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Answer ✓
    Options

    Hi Cobey

    Yes - if they are RESC - they should show under the SS column AND also reflect under the RESC column too:


    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!)

Answers

  • Cobey
    Cobey Member Posts: 13
    Options

    Thank you for your prompt response.

    Checked the item (as below) and if I allocate no tax tracking type as in STP1 - it'll allocate under RESC & SGC. With the Salary Sacrifice - S, it'll upload as SGC & Salary Sacrifice. Never the both. Is that correct?


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited July 2023
    Options

    Hi Cobey

    No, these are 2 different windows - the (original STP) one above identifies it as SS & the new SS Super option - under the Tax tracking type (2 windows on from that one) - will ensure it also reports under RESC:


    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!)
  • Cobey
    Cobey Member Posts: 13
    Options

    Hi Shaz,

    Under the Tax Tracking window as above, ours is set to 'SS-Super' yet in a STP upload the employee's SS is only going under SGC & SS columns - not SGC, SS & RESC.

    Is this correct?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    Hi Cobey

    Are you sure ??? The SS component shouldn't be reporting under SGC!

    Something's not right with your setup if that's the case but it's difficult to determine the exact issue without seeing it 😬

    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!)
  • Cobey
    Cobey Member Posts: 13
    Options

    Hi Shaz,

    Yeah definitely is - do we just contact the reckon help desk to get someone to double check our config?


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited July 2023
    Options

    Run the Super Report by Employee (under the Reports dropdown menu > Employees & Payroll) & add in the RESC Amount column:


    There's a known glitch that can dropout the RESC tag (reporting it as SGC) & I have seen cases where it does vice versa (incorrectly reporting SGC as RESC)

    This report will show you if (& where, if applicable) this has occurred - Check for any SGC ("SA") amounts reporting in the RESC Amount column. If you find any, drilldown into the applicable Paycheque & Unlock it. Delete the SGC line & re-add it again, then re-save to update. This should fix it!

    If you don't find any, I'm happy to take a look if you want to email me a copy of your Company File 😊

    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!)
  • Cobey
    Cobey Member Posts: 13
    Options

    Hi Shaz,

    Apologies I re- read your earlier comment. The STP is reporting in Portal with SS amounts under the SS column, and SGA amounts under Super Column respectively - not all under the SGA column. Reporting all $0.00 in the RESC column though. Same with the employee super report - all amounts under RESC is $0.00.


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    Hi Cobey

    That's good then.

    The info I provided previously - Re: running the Super Report by Employee with the RESC Amount column added & editing as described - will fix this ☺️

    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!)
  • Cobey
    Cobey Member Posts: 13
    Options

    Hi Shaz,

    the employee super report shows $0.00 in the RESC column for all employees including those with SS.

    can you also please explain what the difference is between RESC and Salary Sacrifice for STP reporting purposes?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    Hi Cobey

    You need to drilldown into those SS amounts that are not reflecting & delete/re-add them as per my instructions above.

    Reportable Employer Super Contributions (RESC) are any super contributions that are additional to the compulsory SG Super. Salary Sacrifice (SS) is just a type of RESC - & is the most common - but Employer Additional (EA) is another one.

    These are all additional benefits to the employee - paid into their Super fund - as part of their employment arrangement, which is why they are reported this way.

    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!)
  • Cobey
    Cobey Member Posts: 13
    Options

    Hi Shaz,

    Thankyou, that worked. Showing as both in the employee super report now - will we need to do this every time?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,592 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    Hi Cobey

    Good to hear 😊

    Yes, it's a random thing that can happen on occasion so I always check this report before STP lodgment as otherwise you won't be aware that it's happened 😬

    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!)