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Salary Sacrifice as Superannuation
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 payro...
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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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Thank you so much Tracey, that was very helpful.
I think that's resolved the issue, the amount is being picked up in the Superannuation Reports and attached are two screenshots. One of the payroll category and one of the payroll transaction.
Does that look right to you?
Thanks again
Lisa
