Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
I have a new client on MYOB Essentials and one of their employees does 100% salary sacrifice on her weekly salary. I have set this up as a deduction and cannot see that it is posting the full amount of her wage to Payroll deductions??
Firstly, can this 100% deduction be made in Essentials or do we need to make the Gross pay more that her Salary Sacrifice amount? Surely they can take their pay as 100% salary sacrifice and MYOB should be putting this into Payroll deductions??
Solved! Go to Solution.
Thank you very much for your enquiry @AndersonCA
You can certainly record 100% salary sacrifice in Essentials, and you have recorded the payslip correctly by setting it up as a before tax deduction.
In Essentials all payroll deduction amounts are posted to the system liability account 'Payroll Deductions'. You can always run the Journal report to view the amounts posted and accounts being posted to.
Please note that Payroll transactions are reported based on the 'Paid on' date, not the pay period. Therefore if the 'Paid on' date is a future date, the account balance as of the current date would not be affected yet.
Hope this helps. Please feel free to post again if you have more queries.
I notice that you are running the General Ledger report on a cash basis. The value will not appear on a cash basis but it will if you run it on an accrual basis. I'm sure an accountant or someone more familiar with accounting and bookkeeping can explain it a little better but I'll give it a shot.
"As the transaction is for a zero dollar amount, no cash value is passing through the account and therefore there is no balance for that account."
I've tested and AccountRight does the same thing in terms of salary sacrificing full amounts on cash reporting.
July 2015 - last edited July 2015
Please confirm to 100% Salary Sacrifice I need to Click OK to the Warning/Question -
" Paycheque has a $0.00 Net Pay. Click OK if you wish to void this paycheque."
Seems strange wording to achieve the desired result ?
Hi there @Greg-N-SMITH
First of all, please allow me to extend you a warm welcome to the Community Forum. I hope you find it a valuable resource.
In AccountRight whenever you are about to record a $0 pay, you will receive this reminder. It is uncommon for payslips to have $0 net pay, therefore the reminder is in place to verify this action. You can simply click on OK to record this payslip if all figures are correct.
Please do not hesitate to post again if you have more queries.