Hi i need to reduce my own gross salary but not my PAYG in my payment summary before i send it off to the ATO, any ideas as i

  • 1
  • Question
  • Updated 11 months ago
  • Answered
I need to reduce my gross on my payment summary so i can get back some of the PATG I've already paid
Photo of Peter Cooper

Peter Cooper

  • 90 Points 75 badge 2x thumb

Posted 11 months ago

  • 1
Photo of Kevin Russell

Kevin Russell, Accredited Partner

  • 35,072 Points 20k badge 2x thumb
I dont understand is the payroll correct or isnt it?
Hi Peter

If you need to reduce the gross and not the tax, you need to reduce the net as well, and the net has already come out of the bank.  Is your accountant going to make the difference drawings?

work out how much gross you will need to reduce and convert this to hours by your hourly rate.

In a non-scheduled pay run dated 30/6 (if using scheduled pay runs) choose hourly pay x your rate x (-hours you just calculated).  This will give you a negative amount in gross and you will need to manually override the tax to zero, giving you the same negative amount in net.

create the pay & refresh the payroll total report, if this doesn't work you will need to edit some pays manually until you reach the required figure.

Remember if you have paid yourself the difference has to go to drawings, unless your accountant is going to make this adjustment as a jnl entry himself.