how to setup salary sacrifice for laptop computer (not super)

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  • Updated 5 years ago
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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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Tamika

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Posted 5 years ago

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Kevin V. Russell, Accredited Partner

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Tamika

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yep i did but that is all about sal sac to super. i need a payroll item that wont mess with super, but will effect the payg.
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Mirko, Alum

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Kevin V. Russell, Accredited Partner

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Mirko isn't that for a novated lease?
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Kelly Day, Accredited Partner, Accredited Partner

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Hi Tamika,

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
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TaniaW

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How do you then process through accounts so that the business can take advantage of the GST component?
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Tamika

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hi kelly, i like ur solution, it has worked well, thanks
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Kevin Russell, Accredited Partner

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Have you looked at the support notes?

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