How to record super fund bounced back? and how to record new supe rliability to pay out
lauranguyen
Member Posts: 6 Reckoner 
Hi all,
We've got superfund bounced back to our bank account because employee's super was incorrect.
How do we treat with this refund amount and how do we create another liability to payout this amount?
Thank you so much!
All your help is appreciated.
0
Answers
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Record this via Deposit Refund of Liabilities (under the Employees dropdown menu > Payroll Taxes and Liabilities)
IMPORTANT: Make sure you enter the correct dates for:
- Refund Date (eg the date you receive the refund from the fund into your bank account) &
- For Period Beginning date (1st of the applicable Super month/quarter that this relates to)
as these dates ensure the refund shows in your bank rec on the correct date & ALSO goes back in as a liability for the correct period!
You don't need to create the liability again as this process should then show this return amount reflected in your Super Liability reports/Payroll Item again, as applicable 😊
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