Forum Discussion

JonShepherd's avatar
JonShepherd
User
8 months ago

Novated Lease - GST on deductions

I have tried searching this answer, and I cannot find it on the various threads.   I have a novated lease, with pre and post tax deductions, along with being invoiced by the lease provider. How do ...
JW07's avatar
JW07
User

Hi Doreen,

 

I too have the same question but when i go to accountant he does not know how this should show on MYOB.  Surley as this is a Accounting program there must be some direction on how this needs to be entered in the payroll system?

Freman's avatar
Freman
Trusted Partner
8 months ago

What a thoroughly unhelpful post by MYOB. :-(

 

Of course this is possible but you'd be hard pushed to find an accountant that actually remembers of the top of their head how to accomplish this in MYOB. They used to have a support note about this back in the day but I cannot find it anymore.

 

Here is a prior community post that should provide you guidance..

https://community.myob.com/t5/AccountRight-Staffing-and/Salary-Sacrificing-non-super-how-to-set-up/m-p/494289/highlight/true#M34581https://community.myob.com/t5/AccountRight-Staffing-and/Salary-Sacrificing-non-super-how-to-set-up/td-p/490478

 

  • JW07's avatar
    JW07
    User
    8 months ago

    Thanks,

     

    At least this shows me how to set up in the payroll system.

     

    Assume there is no catagory in STP2 attached to the B4 & after tax deductions.

     

    Regards, 

     

    Judy

    • Freman's avatar
      Freman
      Trusted Partner
      8 months ago

      When you create the catagories you'll see there is an STP reportable category for the 'Salary Sacrifice - Other Employee Benefits'. Which you'd assign to the pre tax component.

      • Doreen_P's avatar
        Doreen_P
        MYOB Moderator
        8 months ago

        Hi, JW07

         

        Thanks for your post, and welcome to the MYOB Community Forum.

         

        Thank you, Freman for your unending support for the Community Forum. We're glad to have you here.

         

        JW07 should you need further support, we are here to assist you promptly. Feel free to start a new post, and we'll be ready to address your concerns.

         

        Best regards,

        Doreen