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.
How many pay runs are affected?
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.
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?
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.
Yes that’s correct, is there anyway you can adjust it in the most recent pays until you reach the required amount
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
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I did the YTD adjustment but it did not change the super RESC.
🤔 Did you minus out the RESC Payroll Item?