Lump Sum Super as Salary Scarifice in Accounting Edge v18.5

[filmtv]

Hi

We process a couple of lump sum amounts for super as salary sacrifice at the end of each year. Prior to STP we would process it in 2 steps 1. As a Pay Item in Wages so  it would be included in Gross Payments and show correctly as Salary Scarifice Expense on P&L.

  2. As a Superannuation Item called  Salary Sacrifice with ATO category RESC and Contribution type Salary Sacrifice deduction going to the correct Payables account.

So the net Pay would be zero and the information flowed correctly to the PAYG Summaries. There was no SG on this.

Now with STP when I have done this it is showing as a negative Gross payment overall and zeroed out my Gross Payments for the Year for the individual as reported to the ATO in the STP payrun reports, but the Employee reportable is correct. MYOB reports look fine when I print them but concerned that the information to the ATO is not correct especially the gross. What is the best way to show the lump sum payment and is SG now payable on salary sacrifice amounts?

[Komal_S]

Hi @filmtv 

Apologies for the delay in response. 

Can you please attach the screenshots of the payrun that was done for these categories and how these payments are reported when you preview these year end finalisation reports. 

[aerolog]

We have this problem too. I want to enter a one off bonus of RESC in STP and instructions show that I have to enter as a negative wage.

Did you get this resolved?

[filmtv]

Hi

Myob doesn't tell you but the way to process this and get your Gross/Super correct is to set up a new Payroll Category under Superannuation called "Employer Additional Super". It may already be there if you have upgraded the MYOB software. Do not use any previous Super salary sacrifice categories you may have used.

Enter your Linked Expense and Payables accounts. Contribution type is Employer Additional Expense. Tick print on Payslips. Limit is No Limit unless you want to set the value here but then you have to overide it each pay. For that employee make sure you also tick this Super category as well as their normal super.

I have run the salary sacrifice as a separate pay run.

So when you run your pay the Gross is zero and their normal super should be zero, but you enter the amount of salary sacrifice to the Employer Additional Super category. It then all works happily for STP.

If it is a set amount each week that they are contibuting then you just run their normal pay and include this additional super amount inthat pay run.

Hope this helps.

[filmtv]

Hi

I forgot to say that the STP reports to the ATO are then correct. Within the MYOB reporting the additional super shows up under the Expense column ie added in with the "normal sg super totals". I just keep a note of what any additional super was each month.

[aerolog]

Hi Thanks for your quick reply. We are using MYOB Essentials just for the STP so your instructions wont work here. WE also use Account Right premier and we dont have the problem there but it doesnt have the STP access. Thanks for your help anyway.