Salary Sacrifice Post tax deduction
I am having confusion to create post tax salary sacrife mortgage payment for one of our employee. I am thinking of creating new payroll category in deduction so both of the deducted amount shows up ...
Forum Discussion
Hi Neelam
Thanks for your post. The Linked payable account is the account in which the deducted money will be accrued. If you want to track a deduction separately you can create a new liability account for that deduction. This way the Balance Sheet will display the deductions separately. The liability account you select as the Linked payable account will depend on your reporting requirements.
We're not able to advise on the ATO reporting categories you need to assign to payroll categories. The Help Article, Assign ATO reporting categories, has general information. However, if you're not sure we do recommend speaking to your accountant or the ATO.
The Help Article, Deductions, has information to help with setting up and paying deductions.
Please let me know if you need further help.
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