Salary Packaging Non Super
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
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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 youβd like some one-on-one training & assistance βΊοΈ
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(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!)
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I've added Payroll Items, is there anything else I need to do?
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Have replied to your email βΊοΈ
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(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!)
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