Salary Sacrifice
The manner in which salary sacrifice arrangements are handled within an accounting payroll system would depend upon the conditions of employment and associated management policy and or agreement. The QuickBooks options fall generally within the following approaches:
| Deduction |
Comment |
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| Ticked |
Calculate the legislative amount on the employee's gross payment less the amount of the salary sacrifice deduction. This is achieved by the ticking the checkbox appearing in the Superannuation window of the deduction payroll item wizard.
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| Unticked |
Calculate the legislative amount on the employee's gross payment which includes the amount of the salary sacrifice. This is achieved by the un-ticking the checkbox appearing in the Superannuation window of the deduction payroll item wizard.
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