How does quickbooks deduct pre tax RESC amount from Gross payment on PAYG payment summary. Reckon Premier 2016

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  • Updated 4 years ago
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Posted 4 years ago

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John G, Information Support Analyst

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Hi Sertrans1,

Thanks for asking.

For Salary Sacrifice amounts, create the super payroll item with the super contribution type Salary Sacrifice (SS) and set the Tax Tracking Type to Gross Payments and in Taxes, tick PAYG Tax.  

This will reduce the Gross Payments so that PAYG withholding is paid on the lower amount and will place the SS amount in the RESC field.  

Hope this helps.