Superannuation Mapping to Expense Account

R0sie Member Posts: 16

hi there, I'm pretty new in Reckon and I am having issues with the mapping of Superannuation Fund. I have created a supplier for the Super Annuation Fund and then set up a new expense account. But when I check my Profit and Loss the superannuation payment is still going to the Payroll expense.

Thank you in advance, really appreciate your help


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,163 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    That is correct - The superannuation expense occurs at the time of the Paycheque. The “other side” posts to the liability account until you pay it. You should be able to see this liability on the Balance Sheet ☺️

    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 *

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    Ballajura, WA

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    (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!)
  • R0sie
    R0sie Member Posts: 16

    Thank you Shaz, but the Super Annuation should have a seperate line in Profit and Loss report- but why is it adding to my Payroll expenses account and not to its Superannuation Account?

  • Kris_Williams
    Kris_Williams Member Posts: 3,193 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    As Shaz explained, when you do the payroll the superannuation is supposed to be debited to the superannuation expense account and be reflected on the Profit and Loss, and also credited to the balance sheet item Superannuation clearing account which shows on the Balance Sheet. This will be cleared when it is paid. If you can’t see these I would go into the payroll items -Superannuation and check what expense account is linked. Sometimes a different expense account might be selected e.g. Payroll expenses

  • R0sie
    R0sie Member Posts: 16

    @Kris_Williams Thank you for this, I have checked it in the payroll item list and yes it was linked to Payroll expenses. I have corrected this now.