Contribution Id

Assign the code a unique identifier.

Description

Enter a name for the code.

Discontinued

Use this checkbox if the existing code is to be no longer used.

Calculation Method

Used to instruct the system how to calculate the amount of the contribution. For example, select a value of “Percentage of Gross”. Position your cursor in the Percentage field. Based on your selection from the Calculation Method pick list, the Percentage field is used to enter the percentage figure to calculate. For the purposes of this exercise, enter a value of “9”.

Percentage

Enter a figure of -100 (negative 100).

Whatever value is applied to the employee for their sacrifice will be automatically applied to this contribution. As a work type, a salary sacrifice is already a negative in gross earnings. The contribution needs to be a positive, so a negative figure (work type) combined with a negative percentage figure will result in a positive contribution.

Work Type

This option allows the contribution to be set to particular work types only i.e. no other work types paid to the employee will be affected by the contribution, other than those selected in this window.

Press Add Line and select the work type created in section 0

Superannuation

Select whether this is a Superannuation contribution.

Super Account Name

Input the name under which the account has been created for the contribution.

Provider Name

Enter the name of the Superannuation provider.

Fund Name

Enter a Fund Name for the contribution.

Fund Account Number

Enter the employee’s superannuation account number. Enter a value and position your cursor in the Clearing Account (Credit) field.

Clearing Account (Credit)

This list is used to nominate the credited account in the General Ledger module. Select an account from the list by pressing the dropdown arrow. Payments to the Fund will be made from this account when processing the payment via the general ledger

Expense Account (Debit)

Used to nominate the expense account in the General Ledger. Select an account using the drop down menu