Hello
An employee has received a 10% pay increase and could like to Salary Sacrifice all of it to Superannuation.
I have followed the online instructions and set up the Salary Sacrifice payroll category as a deduction and entered the fixed monthly amount, but when I run the Superannuation report, the SS amount isn't there.
Am I missing something?
I don't want to sign up to pay the Super directly from AccountRight.
Many thanks
Lisa
Thanks Tracey, here are two screengrabs (please excuse the quality and actual numbers, I was playing/pro rataing).
I must be missing a step getting the SS $ through to Superannuation Expenses.
Thanks again
Lisa
Hi Lisa
Thanks for those screenshots. I'll just need to clairfy a couple more things. You said that the amount isn't going to superannuation expenses, are you referring to the superannuation expense account? If so, salary sacrifice isn't a business expense so won't be posted to that account. It gets posted to the super payable liability account as it has to be paid to the employee's super fund but is included in the gross wage which is posted to the wages expense account.
Can you also tell me which report you're looking at? If you run the Accrual by fund or Employee Advice reports it should be appearing. If it's not, is the payroll category a superannuation or deduction payroll category?
Please let me know how you're going.
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