How to fix YTD Superannuation

Therese
Therese Member Posts: 13

Hello. I have just discovered that in December something went amiss in Reckon with the superannuation calc for each of my employees. Fortunately the actual superannuation paid for each employee has been correct, but the YTD superannuation amounts in Reckon are wrong. All pay runs have been lodged via STP which means that the YTD superannuation figures reported to the ATO are also wrong.

Is the solution to rerun each pay from December with adjusted superannuation amounts, and then lodge each payrun with STP as an Update? Or is there something else that I should be doing?

I am using Reckon Accounts Premier edition 2021.

Thank you, Therese

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited April 2021

    STP reports YTD each submission so - as you’ve lodged STP submissions since - the latest figures will be reflective of the current YTD ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Therese
    Therese Member Posts: 13

    Thanks very much for your very quick reply Shaz. Unfortunately as the YTD figure was incorrect in December, it has continued to be incorrect for each month since, and sadly I've only realised now. This means that the YTD superannuaton figure that has gone up to STP each month since December is also incorrect.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Ah ... In that case, just correct the relevant pays. You don’t need to go back to lodge prior STP submissions as when you lodge your next one, it will report you current (eg corrected) YTD amounts 😁

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Therese
    Therese Member Posts: 13

    Thank you very much for your advice Shaz. I'll try that all this afternoon. Best wishes, Therese