STP 2 - Event update on "Salary sacrifice - other employee benefits" category report for EOFY finalisation purposes

[Kam08]

Is there a way to event update "Salary sacrifice - other employee benefits" category report for employees for EOFY finalisation purposes?

The category I mean is the one in the View summary report (PDF), when you click on the Final indicator.

The information in this View summary report (PDF) is produced based on the income year/financial year instead of the FBT year. This creates a problem at the end of the financial year. It “over” or “under” values the final Gross Wages calculations.

Note: Payroll Activity [Summary] and Payroll Register [Summary] reconcile. The problem is with Deductions however. They combine Salary sacrifice - other employee benefits (RFBA or Section 57A RFBA) with Salary sacrifice (RESC – Super) in one report. But each of these two categories has a different reporting period for same end of year (30 June). 

MYOB software omits that fact. 

Please advise.

[CarolD1]

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@Kam08 wrote:

Is there a way to event update "Salary sacrifice - other employee benefits" category report for employees for EOFY finalisation purposes?

The category I mean is the one in the View summary report (PDF), when you click on the Final indicator.

The information in this View summary report (PDF) is produced based on the income year/financial year instead of the FBT year. This creates a problem at the end of the financial year. It “over” or “under” values the final Gross Wages calculations.

Note: Payroll Activity [Summary] and Payroll Register [Summary] reconcile. The problem is with Deductions however. They combine Salary sacrifice - other employee benefits (RFBA or Section 57A RFBA) with Salary sacrifice (RESC – Super) in one report. But each of these two categories has a different reporting period for same end of year (30 June). 

MYOB software omits that fact. 

Please advise.

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I have the same problem and I also have an employee who left in May 2021 who still has some 'Salary sacrifice - o' to be declared from the 2022 FBT year - this employee doesn't show up on the EOY finalisation because they were not paid in the 2022 financial year.

HELP!
 

[Kam08]

Yep. It seems like there is no way around it. The Total STP taxable wages were not showing correctly in the STP Year-to-date verification report. They were showing income year data instead of FBT year data. Main reason I couldn’t complete the End-of-financial-year finalisation declaration. I had to do Prepare Payment Summaries again this year, and notify the ATO. 

[CarolD1]

Someone has suggested to change the catgory to not reportable, run a zero pay through for 30th June and enter the RFBA amount as usual? I wonder if that would work?
The solution for those employees not turning up on the report - process a pay of 1c for 30th June and they will turn up, and entering the Sal Sac in the RFBA box (section 57A to be precise).

Where is the 'Prepare Payment Summaries' option?

[Tracey_H]

Hi @CarolD1 

In AccountRight Prepare payment summaries is in Command Centres (top menu bar)>>Payroll>>Prepare payment summaries.