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September 2020
September 2020
I understand that Salary Sacrifice amounts are to be subtracted from total wages for reporting W1 for IAS/BAS.
New in Ver 2020.2, Deductions now show as a NEGATIVE amount in Payroll Activity reports but is a POSITIVE amount when included in the W1 setup for manual IAS/BAS. So I find that the W1 amount is INCREASED by the Salary Sacrificed amount.
Am I doing something wrong??
Solved! Go to Solution.
September 2020 - last edited September 2020
September 2020 - last edited September 2020
Hi @Keith_W
Thanks for your post. I've just tested this in 2020.2 and found that W1 amount was decreasing when Salary Sacrifice was selected as expected:
If you are seeing something different can you please provide screenshots of the BAS/IAS setup and the Payroll Activity summary report. Please remove sensitive information from screenshots prior to posting on the forum.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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September 2020
September 2020
Hi Tracey,
Thanks for your assistance. The obvious difference is that Sal Sac is shown as a negative amount in your setup, but a positive amount in mine.
How do I correct that?
Thanks
Keith
September 2020
September 2020
Hi @Keith_W
Thanks for those screenshots. The deductions should be showing as a positive amount in the Payroll Activity report so I suspect this has something to do with how you have processed those deductions in payroll. Or there has been another payroll transaction which has caused the deduction to become a negative amount in the Activity report.
This help article has the full instructions on setting up and processing salary sacrifice:
Please let me know how you go with this.
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
Online Help| Forum Search| my.MYOB| Download Page
Did my answer help?
Mark it as a SolutionHelpful? Leave a to tell others
September 2020
September 2020
Thanks Tracey - you were quite correct. We had made an error in setting up the Sal Sac amount using the 'User defined amount' option in the setup (see attached)
I entered the Sal Sac as a positive amount in the Std Pay instead of a NEGATIVE amount - mistakenly thinking that MYOB would treat it as a deduction
The other setup options automatically treat the amount as a deduction & make it a negative amount in the Std Pay
I could not find any reference to that critical step in the MYOB instructions.
Thanks again for your help & troubleshooting.
Keith
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