Salary Packaging Non Super

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Hi

Our NFP organisation is setting up Salary Packaging.

I have had help setting up Payroll Items in my Chart of Accounts as other current liability but I am wondering if this is the correct account classification.

I am yet to set up Payroll Items to deduct the salary packaging from each employees pay as I was not sure which classification to set them to for ATO reporting purposed as this changes the amount of PAYG withheld.

I'm also a newbie to Reckon so wanted to check if I was doing all the right things.

Any help very much appreciated.

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,569 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi There

    The specific configuration depends on the particular salary sacrifice arrangement as salary sacrificing for NFPs can vary a little.

    Feel free to shoot me an email direct if you’d like some one-on-one training & assistance ☺️

    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!)
  • TailemBendCCDM66
    TailemBendCCDM66 Member Posts: 10
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    I've added Payroll Items, is there anything else I need to do?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,569 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Have replied to your email ☺️

    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!)