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ThirdScreen's avatar
ThirdScreen
Experienced Partner
5 years ago
Solved

Fringe Benefits

Is it ok to have Fringe Benefit payments and Salary Sacrifice payments included in the Gross Wage amount on a payslip?  The Payment Summary excludes these amounts, so would this be ok?

 

Thanks

Christine

Payroll
  • Steven_M's avatar
    Steven_M
    5 years ago

    Hi ThirdScreen 

     

    The payslips will typically pull through the total amount of wages (Gross wages) which is the total amount you paid your employees. This would include things like allowances, other benefits and amounts calculated before deductions.

     

    Payment summaries and Payroll Reporting look at the Gross Payments amount. This is amount that you have paid the employee less other values paid such as allowances and benefits.

     

    So in actual fact, these are reporting on two distinct values, not the same thing. Thus I would be showing that information on my payslips and ensuring that you have the selected the appropriate fields and ATO Reporting Categories to report that information through to the ATO.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    5 years ago

    Hi ThirdScreen 

     

    The payslips will typically pull through the total amount of wages (Gross wages) which is the total amount you paid your employees. This would include things like allowances, other benefits and amounts calculated before deductions.

     

    Payment summaries and Payroll Reporting look at the Gross Payments amount. This is amount that you have paid the employee less other values paid such as allowances and benefits.

     

    So in actual fact, these are reporting on two distinct values, not the same thing. Thus I would be showing that information on my payslips and ensuring that you have the selected the appropriate fields and ATO Reporting Categories to report that information through to the ATO.