Because salary sacrifice payments are negative values, selecting the Salary Sacrifice category as part of an employee's Gross Payments (at the Payment Summary Fields section of the Payment Summary Assistant) will reduce the Gross Payments by the salary sacrifice amount. Salary sacrifice superannuation payments are typically also considered Reportable Employer Superannuation Contributions, so may need to be accounted for as such in the Payment Summary Assistant. For your specific circumstances, you should always seek clarification from the Australian Tax Office (ATO) or your accountant about how to handle salary sacrifice payments on your payment summaries. Preparing and printing Prepare payment summaries (AccountRight v19 and AccountEdge) contains more information on using the Payment Summary Assistant. |