Super Fund Change
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
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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:
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
(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!)
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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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