Overpaid Superannuation how to adjust

Gwaah40 Member Posts: 10

Advise please we overpaid an employees superannuation contribution. Would anyone offer advice on how make this adjustment entry, cannot process a negative super $amount in payrun.




  • Acctd4
    Acctd4 Accredited Partner Posts: 3,578 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Noelene

    How is it being treated ? Is the Super fund refunding the excess amount to you or allocating it to the next period or - as is usually the case - are you just having to wear the overpayment ?

    Depending on the above, you can either:

    • Adjust the employee's Paycheque (to increase the Super liability to the amount you paid)
    • Enter a Payroll Liability Adjustment for this employee or
    • Receive a Refund of Payroll Liabilities

    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



    (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!)
  • Gwaah40
    Gwaah40 Member Posts: 10

    Overpayment during covid period, super was added to employeees cash advances and discovered in payroll audit. Option 1. Wear it would be the easiest solution but we advised ATO.

    Option 2. Have not notified the superfund, thought this option would be difficult.

    Just tried your option Liability Adjustment and you solved the problems. Thank so much.