Accounting for a superannuation payment that was returned

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  • Question
  • Updated 3 months ago
  • Answered
  • (Edited)
Reckon Accounts Premier 2018

Folks,
I am trying to work out what to do with a superannuation payment we made from the first Qtr of this calendar that has only just been returned to me in the last month (i.e. Qtr 2).  Apparently the employee has given me incorrect fund membership details.

I am doing my June bank reconciliation and need to work out how to adjust the payment of the original liability and of course put through the correct payment details again.


Any help is most welcome,
Adam
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Adam McEvoy

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Posted 3 months ago

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Kevin Russell, Accredited Partner

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Deposit it back to the liability account Superannuation payable.
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Adam McEvoy

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Thanks Kevin, I have done as you suggested.  When I go to do a custom liability payment and need to make this payment again into the employees correct account I can't see this amount showing up as to be paid.

Should I be doing a journal of some kind or is there a better way given it is not in the custom liability screen?

Thanks again,
Adam
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Kevin Russell, Accredited Partner

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Adam when you pay it just post it to the liability account. Ignore the pay liabilities
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Adam McEvoy

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Will do.  Thanks Kevin