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kimjc's avatar
kimjc
Contributing Cover User
7 months ago

Salary sacrificing annual leave in lieu of payment

Three of our employees have asked to salary sacrifice future annual leave entitlements. I am aware that leave that has already accrued cannot be salary sacrificed, only leave from the date the employ...
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Princess_R's avatar
Princess_R
MYOB Moderator
7 months ago

Hi kimjc,

 

Thanks for reaching out about managing salary-sacrificed annual leave in MYOB. When an employee opts to salary sacrifice future annual leave entitlements, it can be recorded as a cashed-out amount and entered as the amount for salary sacrifice. For more detail, check out this Help article: Cashing out annual leave. To set this up correctly in MYOB and ensure compliance with regulations, I recommend consulting with your accountant. 

 

Feel free to get in touch if you need further assistance.

 

Cheers,

Princess

 

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