Superannuation Reversal

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  • Updated 3 months ago
I want to reverse a super amount, It hasn't been paid to the super fund, but I just want to remove it from the YTD totals. Is this possible.
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Tracey Newton

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Posted 3 months ago

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Hi Tracey

For Super, the YTD totals reflect the accrued amount payable on Pays (as the Super liability is generated based on the (Gross) Wages "Paid") 

What specific Reckon program are you using & what's the scenario?

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Tracey Newton

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I'm using Reckon Accounts Hosted. I paid an employee 38 hours salary (which attracted super) instead of 38 hours workers compensation (which doesn't attract super). The super hasn't been paid to the fund and the gross and tax amounts are correct. I can do an adjustment for the salary and workers comp hours and amounts but I need to remove the super from the YTD figure. Reckon doesn't allow me to enter a negative super amount to reverse it. It has all happened in this month which we haven't closed off yet.

Hi Tracey

In that case "Unlock" the Pay & edit it.  Create/use a Payroll Item for W/Comp, configured not to attract Super (Note this is only the case while the employee is off work.  Upon return, their pay is OTE again).  W/Comp payments usually also still accrue all Leave entitlements too so make sure you configure to include that too. 

Everything else will be exactly the same & none of the other figures will be affected.  All that will change is the Super payable on that Pay & its YTD amount.