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.
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How many pay runs are affected?
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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.
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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?
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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.
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Yes that’s correct, is there anyway you can adjust it in the most recent pays until you reach the required amount
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I’d suggest editing via the “Enter YTD …” option (under Employees dropdown menu) then submitting an STP Update Event
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I did the YTD adjustment but it did not change the super RESC.
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