which gst code for wages? is it gst free or out of range? similarly for tax withheld? Also how do I record nett payment to employee? Is it a split transaction?

employee paid $x gross less $y tax withheld. How do I represent the payment of $x minus y to the employee from the business bank account? Do i use a split transaction? Which GST codes to use?

Answer

Hi Gateway6975, 


You will be best to check with your accountant or bookkeeper in regards to this query, every business is different and we do not want to give you the incorrect information. 


Also;


Payroll is actually provided by a 3rd party, Keypay

 

Keypay's support is amazing, when inside employees youll see a little blue button on the right side of the screen titled "Payroll Support" Click it to be able to search for help

 

Additionally their support page can be found here: https://yourpayroll.zendesk.com/hc/en-gb

 

Id recommend joining one of their free webinars also: http://keypay.com.au/webinars-2


Hope this helps!

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