Salary Sacrifice
We have available for our employees of our Not-For-Profit organisation salary sacrifice for their mortgages. The processing of this through payroll has all been set up and works great. The downfall o...
Forum Discussion
Hi Cathy15
Sorry to see that no one has replied to you yet.
Generally, for Salary Sacrifice deductions, you would set up a Pay Item and a Liability account for it to be assigned to on each pay run. Then when you are ready to pay it you can do that under Payroll > Pay Liabilities > Deductions.
See our Help Article for more information on that topic: Salary packaging.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Thanks Samara
I know how to record the deduction, it is the paying of it. I have a dozen employees who salary sacrifice for their mortgages, so each goes to a different bank account.
Any further suggestions?
Cathy
Hi Cathy15
Sorry if I wasn't clear in my response. In Pay Liabilities, under the Pay from Account field, if this payment is being made electronically, select the option Electronic Payment.
After recording you'll find an entry for the payment in the Prepare Electronic Payments window.
Click here to learn more about electronic payments.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
