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CSSAUS's avatar
CSSAUS
Experienced Cover User
4 years ago

Base Salary vs Gross wages

With AccountRight Payroll, what is the difference between Base Salary & Gross Wages?   Under Payroll Categories, "Base Wages" is listed as a wages payroll category but "Gross Wages" isn't. Both "...
  • Steven_M's avatar
    4 years ago

    Hi CSSAUS 

     

    Base Salary is a wage payroll category like overtime or holiday pay. Gross Wages would be a collection of payroll categories i.e. base salary, overtime, and holiday pay could be counted as gross wages.

     

    In terms of superannuation category calculations, when you have it set to be Base Salary you would only have the amount calculated on that particular category. So any amounts paid through other payroll categories like overtime or holiday pay would not be included in the calculations. However, if it is set to be Gross wages it could be set to include Base Salary, overtime and/or holiday pay.

     

    If you do have a calculation basis set to be Gross Wages, the Exempt button will be selectable on the Superannuation Information window. Anything that is ticked in here would be exempt from being calculated. For example, say you want to include all wage categories but not include overtime, selecting Gross Wages and then going to the Exempt list to tick overtime would be the way to exclude the overtime amounts from the calculation.