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MARK30's avatar
MARK30
Member
5 days ago

Refund of salary sacrifice outside of the financial year

 

One employee resigned and was paid out in June 2026. In July 2026, an end-of-lease reconciliation identified that the employee sacrificed $ 1,000 more than they needed to during the financial year, and a refund of salary sacrifice is being provided to us on 31/07/2026. We have finalised the STP report.

I understand that for FY2026, we need to decrease gross by $1,000 and decrease salary sacrifice type O by $ 1,000 to fix this. What are the steps to take in MYOB AccountRight to fix this?

 

Payroll

1 Reply

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    5 days ago

    Hi MARK30,

     

    Thanks for reaching out. As the payroll has already been finalised, you’ll need to undo the finalisation first before making the correction. Once that’s done, reverse the salary sacrifice payment and create a void pay. For more info, check out this link. Because this will affect your STP and year-to-date figures, it’s best to check with your financial adviser or accountant first. If you’d like extra help, you can also contact our team by phone or through our virtual assistant MOCA, which can connect you to our live chat team.

     

    Cheers,

    Princess 

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