superannuation underpayment in previous financial year

Superannuation has calculated incorrectly on some employee wages (not calculating superannuation on commissions, I have fixed this issue but I need to adjust the superannuation for each employee and obviously adjust the liability/expense accounts and pay each super fund, how do I do this? When I try and adjust payroll liabilities it does not allow me to adjust superannuation. I tried to go back and edit a pay, but then when I went into process liabilities, for that month nothing was appearing to pay. I am using Reckon Accounts Premier 2015

Comments

Deny Dharmawan

Hi Sarah,

Editing a pay should update the process liabilities.

Below is the steps on how I did it. In my case, the superfund name is 'new super', and I am changing it from 91.35 to 200.

I went to open the Paycheque, unlock it, and change the 'new super' from 9.5% to 200. Then save the Paycheque

Then my process liabilities shows the 200.

Make sure the you are editing falls in the correct date range for the process liability.

Regards

Deny Dharmawan

Janelle Knight

Just FYI too, we pay commissions, say they are able to receive $100 in commission, I take this figure $100 and divide by 1.095 to get the pre-super commission amount of $91.32 and the diff $8.68 is the extra super that should calculate automatically, taking them up to the $100. Does that make sense?
Just thought I would throw my hat in the ring too.
Ta
Janelle

Candice Carlsen

What about a superannuation overpayment in a previous qtr? I need to deduct it from the current qtr and ensure the Payroll Taxes and Liabilities section balances back to zero. Please advise.