I still have this problem even though the line items in Payslips have tax set to “No Tax”
The payslips have…
Regular Wages (Description: Monthly Wages) e.g. $100
Salary Sacrifice Superannuation (Description: Monthly Wages - Super Sacrifice) e.g. 300
PAYG Income Tax e.g. $30
Superannuation Guarantee (Description: Employer Super Contribution, 9.5% of Gross Pay) e.g. $38
The Payslip Items is set up as…
Payslip Earnings Items:
Regular Wages (Exp Acc: Wages & salaries)
Salary Sacrifice Superannuation (Exp Acc: Wages & salaries)
Payslip Deduction Items:
PAYG Income Tax (Exp Acc: Payroll liabilities)
Payslip Contribution Items:
Superannuation Guarantee (Exp Acc: Wages & salaries, Liability account: Payroll liabilities - Super)
Chart of Accounts Items…
Payroll liabilities - Super, No Tax
Wages & salaries (pre-set account, no option for tax code)
When the Super payment from the bank account is reconciled it’s marked as:
$300 Voluntary Super Sacrifice -> Employee Clearing Account (employee name), Tax: No Tax (Greyed out default value)
$38 Super Guarantee -> Payroll Liabilities, Tax: No Tax (Greyed out default value)
The Tax Audit report shows the Regular Wages + Super Sacrifice + Super Deductions total in the No Tax column in Expenses.
The Sum of the other columns “GST 10%”, “GST Free” and “GST Free Exports” adds up to what I expect to see at G11 in the BAS worksheet.
But G11 includes the items for Salary Sacrifice Superannuation + Superannuation Guarantee as non-capital purchases.
Is there something wrong with the account setup, or the way I’m booking the Payslip Items, or the way I’ve allocated the bank transaction?
Thanks in Advance