Super Fund Change

Lyn
Lyn Member Posts: 29 ✭
in Reckon Accounts (Desktop)

One of our employees has recently changed Super funds midway through the quarter. How do i transfer the funds accumulated from April and part of May to the new fund?

If I create a new Super fund, it doesnt carry the fundds over.

I have named the original Super Fund but cant simply change it as another employee is using the same super find - but hasnt changed. (hope that makes sense!)

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 2,368 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 12

    Hi Lyn

    Payroll Items should be generic, not employee-specific. Therefore, it's best practice to create a Super Payroll Item per type & fund eg

    • AMP
    • AMP (SS)
    • REST
    • CBUS
    • MLC

    In the above example, "AMP" is for the usual (10.5%) Super & "AMP (SS)" is for any employee who salary sacrifices super contributions to AMP

    Then, edit the previous Paycheques from earlier in the quarter, by Unlocking each one:

    image.png


    Delete the old Super Payroll Item & add the new one instead, then resave it (by clicking OK > Save & Close)

    IMPORTANT: Make sure you have a screenshot or printout of the original Paycheque to ensure the figures remain the same!

    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

    0422 886 003

    [email protected]

    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!)
  • Bruce
    Bruce Member Posts: 414 Professional Partner Professional Partner

    I would also issue the employee with copies of the updated payslips with a covering memo confirming that you have changed the sup'n fund at their request - just so that you have a paper trail in case somebody ever produces the original pay slip in the future

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