Forum Discussion

INO1's avatar
INO1
Experienced User
2 years ago
Solved

Creating a Payrun that includes Salary Sacrifice in STP2

Hi,   I am just about to transition to STP 2. I have identified my payroll categories in readiness for this.   However, I have come to understand that total salary will now be reported as gross a...
  • Tracey_H's avatar
    Tracey_H
    2 years ago

    Hi INO1 

     

    Thanks for your post. There's no changes to the way you process a payrun that includes Salary Sacrifice or how that payment transaction should be processed, ie Pay Super or Pay Liabilities.

     

    In STP Phase 1 Salary Sacrifice amounts reduce the gross payments amount and are reported as a positive value under the Reportable Employer Super Contributions (RESC) ATO reporting category.

     

    In STP Phase 2 Salary Sacrifice amounts do not reduce the gross payments amount are reported as a positive value under the applicable STP Phase 2 ATO reporting category.

     

    STP Phase 1 Summary of payments report:


     

     

    STP Phase 2 Summary of payments report:

     

     

    Please let me know if you need further help.

     

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

Tracey_H's avatar
Tracey_H
Former Staff
2 years ago

Hi INO1 

 

Thanks for your post. There's no changes to the way you process a payrun that includes Salary Sacrifice or how that payment transaction should be processed, ie Pay Super or Pay Liabilities.

 

In STP Phase 1 Salary Sacrifice amounts reduce the gross payments amount and are reported as a positive value under the Reportable Employer Super Contributions (RESC) ATO reporting category.

 

In STP Phase 2 Salary Sacrifice amounts do not reduce the gross payments amount are reported as a positive value under the applicable STP Phase 2 ATO reporting category.

 

STP Phase 1 Summary of payments report:


 

 

STP Phase 2 Summary of payments report:

 

 

Please let me know if you need further help.

 

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

  • INO1's avatar
    INO1
    Experienced User
    2 years ago

    Hi Tracey,

     

    My apologies for not responding to your post early enough. I have been away from work.

     

    Thank you for taking out time to answer my question. Since I have yet to transition to STP 2 due to the pause on transition by MYOB, I cannot fully understand the effects for now. I do hope that with the illustration you have given, it will be easy to understand when I finally transition.

     

    Thank you so much!

     

    INO