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CTF0071's avatar
CTF0071
User
8 days ago

Salary Sacrifice - STP Verification report

I am reconciling a clients Payroll for STP Finalisation.  An employee salary sacrificed some of his wages to Super.  I set the Salary Sacrifice up as a pay item under Superannuation tab, Contribution type Salary Sacrifice (deduction) and ATO reporting as Salary sacrifice and RESC. 

 

When comparing the Payroll Activity report to STP Verification report, the Activity report shows the amount sacrificed as a deduction $300.00 and the STP Verification report shows it as a Salary Sacrifice (RESC) but as negative $300.00.  I assume because it is showing as a deducton on the Activity report.  Is this however correct?  I was expecting the Salary Sacrifice (RESC) on STP report to show as a positive. 

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  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    8 days ago

    Hi CTF0071,

     

    I get that the salary sacrifice figures might be a bit confusing. Typically, in STP Phase 2, the Gross payments amount isn't adjusted by the salary sacrifice amount. Check out the article 'Getting ready for STP Phase 2' for more details.

     

    Feel free to start a new thread if you've got more questions.

     

    Thanks,

    Genreve