Forum Discussion

Keith_W's avatar
Keith_W
Experienced Cover User
5 years ago

Salary Sacrifice & Total Wages (W1) for manual IAS

I understand that Salary Sacrifice amounts are to be subtracted from total wages for reporting W1 for IAS/BAS.   New in Ver 2020.2, Deductions now show as a NEGATIVE amount in Payroll Activity repo...
  • Tracey_H's avatar
    Tracey_H
    5 years ago

    Hi Keith_W 

     

    Thanks for those screenshots. The deductions should be showing as a positive amount in the Payroll Activity report so I suspect this has something to do with how you have processed those deductions in payroll. Or there has been another payroll transaction which has caused the deduction to become a negative amount in the Activity report.

     

     

     

     

     

     

     

    This help article has the full instructions on setting up and processing salary sacrifice: 

    Set up salary sacrifice 

     

    Please let me know how you go with this.

     

    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
5 years ago

Hi Keith_W 

 

Thanks for your post. I've just tested this in 2020.2 and found that W1 amount was decreasing when Salary Sacrifice was selected as expected:

 

 

 

 

If you are seeing something different can you please provide screenshots of the BAS/IAS setup and the Payroll Activity summary report. Please remove sensitive information from screenshots prior to posting on the forum.

    • Tracey_H's avatar
      Tracey_H
      Former Staff
      5 years ago

      Hi Keith_W 

       

      Thanks for those screenshots. The deductions should be showing as a positive amount in the Payroll Activity report so I suspect this has something to do with how you have processed those deductions in payroll. Or there has been another payroll transaction which has caused the deduction to become a negative amount in the Activity report.

       

       

       

       

       

       

       

      This help article has the full instructions on setting up and processing salary sacrifice: 

      Set up salary sacrifice 

       

      Please let me know how you go with this.

       

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

      • Keith_W's avatar
        Keith_W
        Experienced Cover User
        5 years ago

        Thanks Tracey - you were quite correct. We had made an error in setting up the Sal Sac amount using the 'User defined amount' option in the setup (see attached)

         

        I entered the Sal Sac as a positive amount in the Std Pay instead of a NEGATIVE amount - mistakenly thinking that MYOB would treat it as a deduction

         

        The other setup options automatically treat the amount as a deduction & make it a negative amount in the Std Pay

         

        I could not find any reference to that critical step in the MYOB instructions.

         

        Thanks again for your help & troubleshooting.

         

        Keith

         

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.