Hi, How should I enter monthly voluntary payments to my super fund on Reckon accounts plus 2016 ?

Liz_8709839
Liz_8709839 Member Posts: 3 Novice Member Novice Member
edited October 2024 in Reckon Accounts (Desktop)
enter voluntary super payments

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,258 Accredited Partner Accredited Partner
    edited August 2019
    You need to do this in payroll
  • Liz_8709839
    Liz_8709839 Member Posts: 3 Novice Member Novice Member
    edited October 2016
    Hi Kevin, The business is my husbands, operating as a sole trader. He transfers a set amount of money to his super fund once a month, so he's not on the payroll.

  • Zappy
    Zappy Accredited Partner Posts: 5,258 Accredited Partner Accredited Partner
    edited August 2019
    So whats the problem, just post it to his loan account.
  • Liz_8709839
    Liz_8709839 Member Posts: 3 Novice Member Novice Member
    edited October 2016
    I'm not sure what 'name' & 'type' to enter it under in the chart of accounts. Is it an expense? Equity?. As you can see I'm not very clued up in the accounting department.  Should I enter it as a 'write cheque', transfer funds, or general journal entry?
  • Zappy
    Zappy Accredited Partner Posts: 5,258 Accredited Partner Accredited Partner
    edited August 2019
    Write cheque. Equity. Loan account. You might consider consulting a bookkeeper at some stage. It would be worthwhile
This discussion has been closed.

Categories