Lump Sum Salary Sacrifice through STP

Harvz
Harvz Member Posts: 2 Novice Member Novice Member
in Accounts Hosted

I really need some help with trying to enter a lump sum Salary Sacrifice Super payment through STP please. I’m being told I can’t do it as it’s a negative pay run but there must be some way I can record it through STP. It has all been ok’d by the accountant but need to figure out how to get it to the ATO please.

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,723 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @Harvz

    Yes, you can absolutely do that!

    Often, there can be confusion around Salary Sacrifice as many don't realise you need a "Salary" (eg payment amount) to actually "sacrifice", as part of the transaction! It sounds like you're not including this Salary part (which would therefore result in a negative pay, rather than "$0.00"):

    image.png

    I have a guide I've written-up on exactly how to configure & process this for STP2. Happy to send it through to you, just shoot me an email direct 😊

    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!)
  • Harvz
    Harvz Member Posts: 2 Novice Member Novice Member

    Thank you so much. Have sent you an email. Greatly appreciate your help.

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