How should refund from overpaid super contribution be reflected on EOFY Report?

Question

One of our employee's super contribution was overpaid from Jan-Mar 2024  and discovered it last April 2024. After reaching out to Panorama Super, they have refunded the amount overpaid in June 25, 2024. In preparing for the EOFY Report for employees, which amount should be reflected on the employee's super column, is it the overpaid amount or the amount net of refund (adjusted amount)?

Alexis McKeown · Answer

Dear @sherina79 ,

As this is a more accounting-related query, you may wish to reach out to one of our Accredited or Professional accountants or bookkeepers. They are experts in handling the software, and for tricky problems like these.

You can reach out to them on

https://partnersearch.reckon.com/

.

Kind regards,

Alexander McKeown

Reckon Senior Technical Support