Salary Sacrifice & Total Wages (W1) for manual IAS

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Keith_W
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Salary Sacrifice & Total Wages (W1) for manual IAS

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??

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Tracey_H
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Re: Salary Sacrifice & Total Wages (W1) for manual IAS

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:

 

bas1.PNG

 

 

bas2.PNG

 

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
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Keith_W
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Re: Salary Sacrifice & Total Wages (W1) for manual IAS

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

Tracey_H
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Re: Salary Sacrifice & Total Wages (W1) for manual IAS

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.

 

 

 

sal sac.PNG

 

sal2.PNG

 

sal3.PNG

 

 

This help article has the full instructions on setting up and processing salary sacrifice: 

Set up 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
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Keith_W
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Re: Salary Sacrifice & Total Wages (W1) for manual IAS

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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