Amend employee amount for 19/20

Hi Samantha

Not too sure what you mean … Are you referring to Salary Sacrifice to their Super Fund?  If the amounts have already been paid:

1. They can’t just get it back as it’s already sitting in their Super Fund account (which can’t be withdrawn unless under specific circumstances)

2. They will have received a tax benefit (assuming it was setup correctly) so this can’t just be reversed without changing the PAYG tax liability that should have occurred.

Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com

Hi Sam

In that case, you need to do a Payroll Adjustment entry for that specific employee.  You can adjust both the SS (eg enter as a negative) & the PAYG amounts - It’s not done via a “Pay” but through a different section in the Payroll Liabilities:

• Click on Employees (along top toolbar) > Payroll Taxes & Liabilities > Adjust Payroll Liabilities
• You can either make the Date today or 30/06/20 but make sure the Effective Date is 30/06/20 to ensure it affects the correct FY.
• Select Employee & enter/select the applicable employee in the dropdown list
• Select/enter the applicable Payroll Items & the relevant adjustment amounts (make sure you include the minus sign to reduce the SS)
• Don’t forget to write meaningful Memos to clarify what you’re doing & why (Makes it a lot easier down the track if it needs to be revisited!)

You can choose to affect your relevant Liability accounts or not. 

Although this should be a great option, I often find instead that this creates a double entry which balances out the process in the account to $ 0 meaning the liability amount doesn’t actually increase/decrease as it should so I would suggest opting to affect accounts for now but if you find upon checking them that it hasn’t had the desired effect, edit this Payroll Liability Adjustment entry to NOT affect accounts & enter a GJ instead.

You will likely also need to amend your BAS/IAS (for W1 & W2) & STP also in order for the changes to reflect correctly across the board.

To adjust the PAYG in this current FY, I would just manually increase the PAYGW amount on each Pay(s) as applicable going forward to.

Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com