Note Description To be reported Proposed SCOA SCOA Description Item Superannuation 6-0607 This account covers all expenses relating to superannuation, as paid for salaried or casual Payroll Tax An account in the 6-0600 series should be set up to record payroll tax expense. Employee-related An account in This account represents the entitlements the 6-0600 series amount equivalent to the – should be set up additional liability incurred organisations will carry a to record the in the financial year for liability into future years as a amount of employee-related direct result of employee entitlements. entitlements being accumulated during the entitlements. reported financial year, the This amount must be Department will allow an reflected in the relevant expense item equivalent to provision account in your that liability in that financial balance sheet (Liabilities year. The organisation is Accounts 2-1170 onwards) then responsible for ensuring that adequate provisions are made to cover these and any other debts Other direct employee costs Any other 6-0600 series items that Note: Staff training should be are not included excluded from this category elsewhere. and included in Support and Administration Costs. 8 The full cost of services, 6-0110 to 6-0200 Client Support Services - including employee costs, these accounts cover the where this is provided costs associated services through an approved provided to arrangement. client/organisations, including brokerage.
Note Description To be reported Proposed SCOA Item SCOA Description Superannuation 6-0607 This account covers all expenses relating to superannuation, as paid for salaried or casual Payroll Tax An account in the 6-0600 series should be set up to record payroll tax expense. Employee-related entitlements – organisations will carry a liability into future years as a direct result of employee entitlements being accumulated during the reported financial year, the Department will allow an expense item equivalent to that liability in that financial year. The organisation is then responsible for ensuring that adequate provisions are made to cover these and any other debts An account in the 6-0600 series should be set up to record the amount of entitlements. This account represents the amount equivalent to the additional liability incurred in the financial year for employee-related entitlements. This amount must be reflected in the relevant provision account in your balance sheet (Liabilities Accounts 2-1170 onwards) Other direct employee costs Note: Staff training should be excluded from this category and included in Support and Administration Costs. Any other 6-0600 series items that are not included elsewhere. 8 The full cost of services, including employee costs, where this is provided through an approved arrangement. 6-0110 to 6-0200 Client Support Services - these accounts cover the costs associated services provided to client/organisations, including brokerage.