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Beka's avatar
Beka
3 years ago

Salary Sacrifice - Should have been Wages

Hi. 

 

I hope someone can help. 

 

We have been deducting Salary Sacrifice for someone who is now over 75 but we didn't pick up on it for quite a while, his salary sacrifice has been returing to us since the December 2021 Qtr.

 

We need to pay this to him. How do we account for this in MYOB to make sure we aren't reporting the wrong information to the ATO?

 

I've reversed some of the super payments but not all. With creating a new payrun just for this we want to make sure it's correct and takes into consideration taxation and super.

 

Thanks

1 Reply

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  • Sean_DC's avatar
    Sean_DC
    Former Staff
    3 years ago

    Hi Beka 

     

    Thank you for posting.

     

    If a super contribution was returned because of the incorrect employee or super fund details, update these details in AccountRight. You might need to confirm some details with the employee or their superannuation fund. You will then need to 1. Reverse the Pay Super transactions and 2. Reprocess the contributions. Depending on your circumstances, you will need to reprocess either (or both):

     

     

    When reporting the last FY to the ATO, you will have to contact them for further instructions.

     

     

    Please feel free to post again. I'm happy to assist further.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users in finding this information.

     

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