Settings and activity
2 results found
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170 votes
Lisa Lehmann
supported this idea
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32 votes
Hi everyone, thank you for sharing how your businesses manage salary packages. We understand those using a Super inclusive salary model require manual recalculations with annual SGC increases.
Xero is designed primarily to support small businesses, the vast majority operate on an exclusive salary model. This is largely driven by the award system, where SGC is paid on top of base rate.
Our product team has let us know we don’t have plans on our foreseeable roadmap to change how these calculations are handled in Xero.
We truly appreciate you taking the time to share your workflows with us, as it helps us understand the diverse needs of the Australian business community. We’ll let you know if our priorities change.
An error occurred while saving the comment An error occurred while saving the comment Lisa Lehmann
commented
I've only just realised the net amount includes super; this has totally screwed my accounting up for the last 4 years; this should be stated as you are processing pay runs as a reminder to deduct the super amounts; why can't it give a net balance as we would all expect it to, given super in Australia is MANDATORY!!
Lisa Lehmann
supported this idea
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NET is NET, not gross minus tax!! This has really screwed me up, we pay a pretty penny for our subscriptions; yet we can't even have it do it's job. why?
I've only just realised thst the NET amount INCLUDES superannuation; this makes absolutely no sense given its COMPULSORY, so XERO needs to fix this very bad oversight by deducting super from the NET for it to be truly NET!!