Coding Superannuation for Sole Director

Tanya_10671797
Tanya_10671797 Member Posts: 6 Novice Member Novice Member
edited June 29 in Reckon One
I am the sole director of my company and wish to pay myself a lump sum into Super. Which account should I use to code this? Superannuation Payable? And is this an expense account? What is the tax code? TIA.

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  • Felicity Bleckly_10462754
    Felicity Bleckly_10462754 Member Posts: 42 Novice Member Novice Member
    edited June 2020
    I code it as an expense but only a very small amount for the sole proprietor. A lump sum I think would be better coded as drawings or something similar for tax purposes even though he it may not be taxable at this point in time
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