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Michelle2205's avatar
Michelle2205
Contributing User
3 years ago

EOFY finalisation not balancing

I'm still having the issue that any salary sacrifices amounts are not being deducted when sending to ATO.  I have checked all the ATO categories and they haven't changed from last year, when it worke...
  • gavin12345's avatar
    gavin12345
    3 years ago

    Hi Michelle2205 

     

    Don't confuse ATO instructions with MYOB instructions. MYOB doesn't provide the full range of STP options and may use different labels.

     

    If an employee is Salary Sacrificing to Super, then in MYOB you need to ensure you are using a Superannuation type Payroll Category (that is it must appear under Lists > Payroll Categories > Superannuation) and the Contribution Type must be Salary Sacrifice (deduction). In 99% of cases, this payroll category needs to be assigned to Salary Sacrifice and RESC. If there is something unusual about the arrangement check with your tax advisor how it should be reported. MYOB will then report this to the ATO as both a Salary Sacrifice amount (Salary Sacrifice Type S on the ATO website) and an RESC amount.

     

    If an employee is salary sacrificing to something other than super (for example a novated MV lease), the payroll category needs to be of type Deductions (that is it must appear under Lists > Payroll Categories > Deductions). This can then be assigned to Salary Sacrifice - Other Employee Benefits (which is Salary Sacrifice Type O on the ATO website).

     

    Regards

    Gavin

LRBooks61's avatar
LRBooks61
Ultimate Cover User

hi

 

stp phase 2 reports gross wages as is it doesn't report the gross as less sal sac

 

This is an ato requirement 

 

hope that helps

 

lisa

Michelle2205's avatar
Michelle2205
Contributing User
3 years ago

Hi Lisa,

It gross figure it reports should be less any deductions, which is not happening since rolling over.  It was working fine up to year end June 30, 2022.  So not sure why it isn't recognising any salary sacrifices.

thanks, Michelle

  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User
    3 years ago

    Hi Michelle 

     

    check the reports for tha salary sacrifice figure 

     

    lisa

    • gavin12345's avatar
      gavin12345
      Ultimate User
      3 years ago

      Hi Michelle2205 

       

      The key question is 'where are you looking?'  Check the Income Statement on MyGov, the Salary Sacrifice will show as a negative amount. See this example (if it shows). 

       

    • Michelle2205's avatar
      Michelle2205
      Contributing User
      3 years ago

      Thank you so much for this link.  With Salary sacrifice i'm not getting the categories Salary sacrifice type S or O.  Instead my only option is 'Salary sacrifice and RESC.  

      • LRBooks61's avatar
        LRBooks61
        Ultimate Cover User
        3 years ago

        Hi 

        if it is salary sac then choose salary sacrifice 

         

        if it is reportable then reschedule is the correct choice

         

        lisa

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