Forum Discussion

INO1's avatar
INO1
Experienced User
3 years ago

Creating a Payrun that includes Salary Sacrifice in STP2

Hi,   I am just about to transition to STP 2. I have identified my payroll categories in readiness for this.   However, I have come to understand that total salary will now be reported as gross a...
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi INO1 

     

    Thanks for your post. There's no changes to the way you process a payrun that includes Salary Sacrifice or how that payment transaction should be processed, ie Pay Super or Pay Liabilities.

     

    In STP Phase 1 Salary Sacrifice amounts reduce the gross payments amount and are reported as a positive value under the Reportable Employer Super Contributions (RESC) ATO reporting category.

     

    In STP Phase 2 Salary Sacrifice amounts do not reduce the gross payments amount are reported as a positive value under the applicable STP Phase 2 ATO reporting category.

     

    STP Phase 1 Summary of payments report:


     

     

    STP Phase 2 Summary of payments report:

     

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff

Hi INO1 

 

Thanks for your post. There's no changes to the way you process a payrun that includes Salary Sacrifice or how that payment transaction should be processed, ie Pay Super or Pay Liabilities.

 

In STP Phase 1 Salary Sacrifice amounts reduce the gross payments amount and are reported as a positive value under the Reportable Employer Super Contributions (RESC) ATO reporting category.

 

In STP Phase 2 Salary Sacrifice amounts do not reduce the gross payments amount are reported as a positive value under the applicable STP Phase 2 ATO reporting category.

 

STP Phase 1 Summary of payments report:


 

 

STP Phase 2 Summary of payments report:

 

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

INO1's avatar
INO1
Experienced User
3 years ago

Hi Tracey,

 

My apologies for not responding to your post early enough. I have been away from work.

 

Thank you for taking out time to answer my question. Since I have yet to transition to STP 2 due to the pause on transition by MYOB, I cannot fully understand the effects for now. I do hope that with the illustration you have given, it will be easy to understand when I finally transition.

 

Thank you so much!

 

INO

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