Super adjust to RESC

How do I use an unscheduled pay run to reallocate SCG to RESC as a year end adjustment.

A directors wage was reallocated to drawings.

Comments

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    How many pay runs are affected?

  • NicolespiceNicolespice Member Posts: 4

    Over half of the year, i have read many posts that say you can do a once off year end adjustment.

    None of them give instructions though, and you can not put a negative amount in the SGC field.

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭
    edited July 26

    I don’t know of that procedure which is why I wondered how many pay runs are involved, and if there were too many to manually change. If you have processed wages you would have also had a PAYG component and paid on BAS maybe. How will you deal with that?

  • NicolespiceNicolespice Member Posts: 4

    I will leave the PAYGW as it is.

    I have already adjusted the gross wages down by 30K, but to be correct, the extra super above 9.5% should be RESC.

  • Kris_WilliamsKris_Williams Member Posts: 2,030 ✭✭✭✭

    Yes that’s correct, is there anyway you can adjust it in the most recent pays until you reach the required amount

  • Acctd4Acctd4 Accredited Partner Posts: 1,389 ✭✭✭

    I’d suggest editing via the “Enter YTD …” option (under Employees dropdown menu) then submitting an STP Update Event

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

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    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

  • NicolespiceNicolespice Member Posts: 4

    I did the YTD adjustment but it did not change the super RESC.

  • Acctd4Acctd4 Accredited Partner Posts: 1,389 ✭✭✭
    edited July 30

    🤔 Did you minus out the RESC Payroll Item?

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

    * Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

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