kbell16
3 years agoUser
Set up of Novated Lease
Hi, Just have an employee who has just signed a Novated Lease and need assistance with how to set up in Accountright.
I have a Pre Tax and Post Tax amount .
Of what I have read I go into " Deductions " and create two deductions one Pre and one Post .
What ATO Reporting Category do I use ?
What ATO Reporting Category Phase 2 do I use ?
Deduction Information, where can you click exempt from payg withholding ?
Apologies but haven't done a Novated lease set up before. I have enquired with Accountant and also doesn't have clients with Novated lease plus using Xero.
Thanks