Salary Sacrifice

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Just want to check that my payroll is correct before I finish off for the year.  Have had 4 employees salary sacrifice approx $30,000 for the year.  This is all correct in super reports and listed on payment summary but should it be included in total gross for the year?
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Sharyn Taylor

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Posted 2 years ago

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Kevin Russell, Accredited Partner

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No it should not. The tax tracking type should be none. The super should be Salary sacrofice (it will appear at the RESC box)
(Edited)
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Kevin Russell, Accredited Partner

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Whew. Its took a while but I'm glad you corrected that. I dont know WHAT I was thinking

Happy new year

Kr
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Preece Mitchell

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Sorry I'm just scrolling through posts for help in setting up SS. Just trying to get clarification on this before calling reckon support in Mumbai.
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Preece Mitchell

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So if you sacrifice $20,000 for the tax year to super, where should this be reporting to? Obviously super liability account but the expense account should be salary sacrifice and not gross wages right? There's no option for this in Reckon though that I can see.
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Kevin Russell, Accredited Partner

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Ah Bangalore I think Preece
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Kevin Russell, Accredited Partner

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Its superannuation. Not gross wages yes