Payroll Item - Default Rate & Limit Screen

DiSmith · June 27

Hi all,

I'm trying to add a new payroll item. We co-contribute 4% of employees gross wages to their super fund and I need to account for it.

No matter how I try to add the new payroll item once I'm in the "Default Rate & Limit" screen I cannot use any figure under 10%, putting 4% auto defaults to 40%, tried 04% which also defaults to 40%

What am I not seeing please, I've been at this for hours

Appreciate any help!!

Cheers

Di

Running Desktop Retail Account Premier: Retail Edition v34

Acctd4 · June 27

Welcome to the community @DiSmith

It looks like it's your Payroll Item type selection that's the issue - You need to set it up as a Super Contribution … :

… rather than Company Contribution :

NOTE: This selection is only available upon initial setup so you need to create a new Payroll Item for it.

If this additional 4% is paid for all employees by default, it is still considered SG (rather than RESC) so - if that's the case - ensure it is still set as SGA here:

… with the same STP2 Tax Tracking Type (eg "None" - as per ordinary Employer SG Super)

You will then be able to enter the specific ("4%") percentage rate:

😊

DiSmith · June 29

Thank you, yes, quite correct - DOH🤦

Payroll Item - Default Rate & Limit Screen

Best Answer

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* 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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