Superannuation salary sacrifice aka Additional employer super

Update: STP2 has changed this there is a video of how to transition to STP2 here: https://www.freeaccountingsoftware.com.au/support_and_tutorials/install/stp2_super_salary_sacrifice

This tutorial demonstrates how to process additional employer superannuation in Free Accounting Software.

Update: That legislation I was talking about in this video has now passed and you cannot reduce the compulsory super contribution because of a salary sacrifice.

Also I forgot to show the set up of the Super - Employer additional account. The suggested value are below.

Account set up for: Super - Employer additional

Classification reference: Expense

Apply super: false or blank

Apply leave: false or blank

Default tax code: Super - Employer additional (also set up as per the below values)

Payment deduction type: Blank or Other

 

Tax code set up for: Super - Employer additional

Classification reference: Liability

BAS classification: Not applicable

PS type: Individual non business

PS gross classification: Not applicable

PS tax classification: Employer super additional contributions (salary sacrifice)

Links

Below is the ATO link that explains that ordinary time earnings is reduced by the salary sacrifice amount.

https://www.ato.gov.au/Business/Super-for-employers/In-detail/Salary-sacrifice/Salary-sacrificing-super---information-for-employers/?page=3

The ATO link that refers  to the pending legislation to require SGC contributions on the pre salary sacrifice amount.

https://www.ato.gov.au/General/New-legislation/In-detail/Super/Superannuation-Guarantee---Salary-sacrifice-integrity/