To set up an after-tax employee superannuation member voluntary contribution, follow the steps below to set up a new deduction code.
Setup the member voluntary contribution deduction code.
Choose Setups, Payroll, Deductions, Maintain.
From the Deduction Code Details tab:
Enter a Deduction Code and Description. For example: MV and Member Voluntary Super.
In the Type field, select the way in which the deduction will be calculated. See: Payroll Setups Help and user guide, specifically the Deduction Maintenance section for the definitions of each type value.
As this contribution is to be made after tax:
In the Tax Status field, select After Tax.
In the Tax Certificate Code field, select 0 = Do not show on Tax Certificate.
Set the Contribution Type Code as MV - Member Voluntary.
Select Show Rate on Pay advice.
Select Use Employee Other Accounts.
If you use Multiple GL Dissections, select this option. This will activate the Multiple GL Dissections tab. See: Set up cost centres and Multiple GL Dissections with the correct general ledger accounts.
Complete the remaining fields as required.
From the Liability Account tab, enter the Liability Account in the General Ledger Posting Details task area.
Choose Accept (F9) to save.
Set up the deduction line on the employee standard pay.
You will need to add an extra deduction line on the employees pay and link it to the Employee Super/Other Account. To do this:
See: Modify an employee standard pay (Steps 1-5).
When in the Add/Modify Employee Standard Pays screen, add a Line Type of Deduction.
Enter or select the MV code in the Code field.
Add a Value.
Enter the Employee Account Code.
Click Accept (F9) to add the MV deduction code line.
Click Finish (Esc), and click Yes to the Save the standard employee pay? Confirmation message.
Click Close (Esc) to exit the screen.
To report on Superannuation reports and ClickSuper.
In Deduction maintenance (Setups, Payroll, Deductions, Maintain), select the new member voluntary contribution as set up above.
Tick Use Employee Other Accounts. (By ticking this checkbox, the Employee Super/Other account code will be available in timesheet and in the Standard pay entry/maintenance screens).
From Payroll, Masterfiles, Super/Other Accounts, Maintain, set up a separate Super/Other Account code for your salary sacrificed amounts i.e. ADAL01VMC, so it clearly identifies these amounts as voluntary member contributions.
Go to Payroll, Masterfiles, Employee Standard pays, Maintain, select the employee and Accept (F9)
Add a deduction line and make sure you select the member voluntary contribution you created at step 2 from the Employee Account Code field
Click Finish and Yes to save. Your salary sacrifice deduction will now display on Super reports and ClickSuper.