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July 2021
July 2021
One of our employees purchased item through our company trade account. He wants to deduct the cost from his pay.
I have seen some forum adviced to create a Deduction linked with Payroll Liability account, select the employee to be deducted. On payroll, entered negative amount to reduce the gross and wont affect the super value. Whilst on Purchase, entered the amount as normal.
However, I couldnt find any forum explaining of which ATO reporting category to put for STP purposes. Any help is appreciated.
Solved! Go to Solution.
July 2021
July 2021
HI @MichelleC11
Thanks for your post. This help article, Selling to your employees, has step-by-step instructions on setting up and recording an employee purchase. When it comes to the assigning the ATO reporting category, that's tax advice which we're not allowed to give. You will need to check that with the ATO or your accountant to make sure you meet ATO reporting obligations.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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