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Setup Tax Deducted (PAYG)

This article is for users wanting to setup Wages Tax in Agrimaster. The Tax Deducted Setup is used for the collection of Wages Tax for inclusion in the Business Activity Statement. 

To Setup

  1. Click on Setup & Tools
     
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  2. Click on Cashbook Setup.
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  3. Click on Tax.
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  4. Click on Setup Tax Deducted.
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  5. Your Wages Tax Setup should be similar to those shown below. 

    Please Note

    Agrimaster uses Allocations to calculate your wages tax correctly on the BAS (W1 &W2). It is important this area is setup correctly.

    • You will need three new Allocations:
      • Wages Gross.
      • Wages Tax Deducted.
      • Wages Tax Remitted.
    • You will need two new Codes:
      • Wages Tax Deducted.
      • Wages.

     

  6. Enter the Start Month as it will default to the start date of your file.

  7. Choose your PAYG reporting frequency. You will need to ask your accountant what your period will be. (i.e.: How often will you send wages tax to the ATO).  Tax_Deducted_From_Wage.PNG

  8. If you do not have Allocations or Codes, you will need to click on the Add/Edit Allocation List and Add/Edit Code List buttons to add them. Once the Allocation and Codes are added, complete the further steps.
  9. Select the Tax Deducted Allocation and Payment Codes shown below, using the drop-down lists. If you choose to select a Wage Code here, it will be used as a default in the Cashbook. If you do not have these in your Allocations list you should click on Add/Edit Allocation list and add them.
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  10. Click on the check box and ensure it is ticked to Activate the wages tax calculator.

  11.  Click Close to save.

 

 

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