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September 2022
September 2022
Ok
So i have set up in my payroll An Expense catagory - Payroll Tax
The Set says - use calculation equals x% of Gross Wages.
In the Payroll tax Information I ahve tciked the relevant catagories for payroll tax and ticked superannuation
When I look Gross Wages is used to calcuation Super and does not include Super as Gross wages is the correct defintion for reportable items to ATO.
However the correct state of victoria compuation is Gross wages plus Superannuation paid to be multipled by the rate.
So my payroll tax computed by MYOB is incorrect.
How Do I set this up properly so Payroll Tax is correctly computed and accrued and I can generate the right EFT BACS file to lodge.
Do I crete to Expense catagories for payroll tax one for Gross wages and second one for Super? Help please.
September 2022
September 2022
Hi @Graeme_B
Sounds like you have it set up incorrectly for State and Territory Payroll tax. You commonly wouldn't use an expense payroll category to account for that.
Help Article: Payroll tax reporting has more information on the correct way set that up and report on those values.
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