how to setup salary sacrifice for laptop computer (not super)
i need to setup salary sacrifice payroll item for laptop computer. the only info i can find is about sal.sac. to super. can anyone help me with the type of payroll item to use for this? im using account premier edition. thanks
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give this one a whirl!
You have to think outside the square on this one - bear with me.
Set up an ALLOWANCE (I can hear what you are thinking)
Payroll Item List > New Item
Addition
Name - Salary Packaging Laptop
Link it to Wages
Link it to Gross Payments for Payment Summary
Tick the appropriate boxes for PAYG & State Payroll Tax
Based on Quantity - Yes (this is the sneaky part)
Set the amount to be deducted - or leave blank and set up on each employee masterfile
Tick or Untick Super - different organisations have different agreements - Employer may legally only have calculate Super Guarantee Charge on the Adjusted Gross (After Salary Sacrifice/Salary Packaging)
Attach the item to the appropriate employee
Process their pay
Edit Quantity for Allowance for Salary Packaging to -1 (that is negative one)
This reduces the Gross Wages, reduces PAYG, will adjust Super Guarantee if Ticked
Hope this helps.
Cheers,
Kelly Day