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Michelle2205's avatar
Michelle2205
Contributing User
2 years ago
Solved

EOFY finalisation not balancing

I'm still having the issue that any salary sacrifices amounts are not being deducted when sending to ATO.  I have checked all the ATO categories and they haven't changed from last year, when it worke...
  • gavin12345's avatar
    gavin12345
    2 years ago

    Hi Michelle2205 

     

    Don't confuse ATO instructions with MYOB instructions. MYOB doesn't provide the full range of STP options and may use different labels.

     

    If an employee is Salary Sacrificing to Super, then in MYOB you need to ensure you are using a Superannuation type Payroll Category (that is it must appear under Lists > Payroll Categories > Superannuation) and the Contribution Type must be Salary Sacrifice (deduction). In 99% of cases, this payroll category needs to be assigned to Salary Sacrifice and RESC. If there is something unusual about the arrangement check with your tax advisor how it should be reported. MYOB will then report this to the ATO as both a Salary Sacrifice amount (Salary Sacrifice Type S on the ATO website) and an RESC amount.

     

    If an employee is salary sacrificing to something other than super (for example a novated MV lease), the payroll category needs to be of type Deductions (that is it must appear under Lists > Payroll Categories > Deductions). This can then be assigned to Salary Sacrifice - Other Employee Benefits (which is Salary Sacrifice Type O on the ATO website).

     

    Regards

    Gavin

LRBooks61's avatar
LRBooks61
Ultimate Cover User

Hi 

if it is salary sac then choose salary sacrifice 

 

if it is reportable then reschedule is the correct choice

 

lisa

gavin12345's avatar
gavin12345
Ultimate User
2 years ago

Hi Michelle2205 

 

Don't confuse ATO instructions with MYOB instructions. MYOB doesn't provide the full range of STP options and may use different labels.

 

If an employee is Salary Sacrificing to Super, then in MYOB you need to ensure you are using a Superannuation type Payroll Category (that is it must appear under Lists > Payroll Categories > Superannuation) and the Contribution Type must be Salary Sacrifice (deduction). In 99% of cases, this payroll category needs to be assigned to Salary Sacrifice and RESC. If there is something unusual about the arrangement check with your tax advisor how it should be reported. MYOB will then report this to the ATO as both a Salary Sacrifice amount (Salary Sacrifice Type S on the ATO website) and an RESC amount.

 

If an employee is salary sacrificing to something other than super (for example a novated MV lease), the payroll category needs to be of type Deductions (that is it must appear under Lists > Payroll Categories > Deductions). This can then be assigned to Salary Sacrifice - Other Employee Benefits (which is Salary Sacrifice Type O on the ATO website).

 

Regards

Gavin

  • Michelle2205's avatar
    Michelle2205
    Contributing User
    2 years ago

    Perfect, thanks Gavin.  That's exactly what i had assigned.