Super Calculation Wrong, how to adjust Super after payrun

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  • Updated 5 months ago
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Hi all

I have just finished our final pay run for 2017-2018 financial year. And there is a problem with superannuation calculation for couple of employees.

The employees were not setup correctly in the system, and the Super was not showing as part of their regular pay item and hence no super calculated for these employees at all. They are all over 18 and earn well above the threshold.

Now I have calculated the amounts that need to be adjusted against each employees' super. The question is how do I adjust the super amounts?

I do not want to apply the affect on every single pay cheque, as it is going to take a lot of time plus we have already lodged BAS for 3 quarters

I tried running an unscheduled pay run with just adjusted super amounts in it, but was not able to process it there was nill amount to be processed.

Please guys let me know how to adjust this.

Thanks in advance for your time.

Regards

GV 

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Global Variety

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Posted 5 months ago

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John G, Information Support Analyst

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Welcome to the Reckon Community Global Variety.

Unfortunately adjusting every pay is the only solution - to adjust Super amounts any other way will result in almost all of the super amounts appearing as RESC on the payment summary.

You may want to get in touch with a Reckon Accredited Partner for assistance in covering all angles now that BAS reports for the period have been processed.  

In general the Super amounts you add may need to be passed through suspense accounts for the reported periods and then processed to their correct accounts in your next reporting BAS period.  Payments to SuperStream will take place then too.  Your accountant can guide you to the correct accounts to use.


Hope this helps.


regards,
John.