Hi, I tried to read a few articles & questions here about the Super Sacrifice. My question is, what is the linked payable category account when we set up the salary sacrifice?
Is it (other payroll expenses) or (superannuation payable)?
Thank you
May
Hi May
The linked account for superannuation salary sacrifice is the liability superannuation payable as your outlined.
Thanks Chris
Hi May
The linked account for superannuation salary sacrifice is the liability superannuation payable as your outlined.
Thanks Chris
Hey MayRahim,
Thanks for double-checking this one! Sorting out the linked payable account for super salary sacrifice can be a bit of a curly one. To keep everything spot on with your records and reporting, it’s always smart to get your accountant’s advice before linking anything. They’ll know exactly where it should go.
Cheers,
Doreen
Thanks Chris,
I already set it up before the last payroll cycle on 18/8 payment as 6-2090 Other Payroll Expenses.
I know now it should be 2-2104 instead. Do I have to change/reverse it? Can you explain in detail, please, what I shall do?
Thanks
May
