Total amount of superannuation in EOFY Report does not equal to adding up of all pay runs submitted

Piinnan

Hi,

Crossing checking our EOFY report with all my pay runs and found that an employee's superannuation EOFY total is out by 10cents from when I add up all the amounts from the payruns. Do I need to fix this and could I fix it by have 10cents in the "Initial YTD"?

Thank you in advance!

After reading a related post, I understand that "Initial YTD" may not be the best solution for this scenario.

Additional Note - Our SG was paid at 10% FY21-22 and no RESC through out the year. However, the EOFY Report total for one employee is showing 10cents less than the totalling of all the payruns, could you please provide some guidance as to how to correct this or if I could just lodge as it is?

Rav

Hi @Piinnan

When you checked through the pay runs were you able to locate where the discrepancy is? ie. was there any erroneous earnings and/or pay item used that may have accounted for this?

You can indeed solve this by making an edit to the specific employee's initial YTD by adding an additional 0.10c to their super. Please note, if they have any existing balance for super in their initial YTD then you'll need to add the $0.10c to that existing balance.

Once that is done, create a NEW end of financial year finalisation and you should see the new total balance.

Piinnan

Hi Rav,

Thank you for your quick reponse. I have gone through each pay run on the App to check for any discrepency as you mentioned. With the information that I could access on the App, there was none that could be found. All the super paid and reported for this employee in this FY pay runs add up to be 10cents more than the sum shown in the EOFY report.

I have used this RECKON Payroll APP from the very start of first pay run and throughout this FY, is it still ok to use the initial YTD solution you suggested to get the final figure that ATO should have?

Many thanks for your time!

Rav

If you go into the employee's profile and tap on the 'Pay Summary' tab, are the balances that appear there correct or is the balance of super also short by $0.10c?

Either way, yes its fine to use the method above to add the additional $0.10c which will then reflect when you create a new EOFY finalisation.

Piinnan

It is also showing short by $0.10c.

Rav, with the initial YTD super entry, the selection of the date is only July22 onwards, is that correct?

Update: All good now, chose the wrong FY. After adding the initial YTD to the employee's super, all figures match now.

Thank you very much Rav for your patience and help.

Rav

The date you select will determine which financial year it falls in. If the balance that you're entering in the initial YTD belongs in the last financial year ie. 2021/22 then you need to enter a date that falls in that year eg. 30 June 2022 as an example.