Forum Discussion

RoxyAtButtery's avatar
RoxyAtButtery
Experienced Cover User
4 years ago
Solved

Superannuation payment returned due to incorrect member account number

Hello. I have been trying to follow the instructions on how to reverse a super payment made through the MYOB super clearing house as one super fund payment out of 20 or 30 fund payments bounced back b...
  • PaulBihet's avatar
    4 years ago

    I find the whole reversal process to be more of a headache than it is worth 

    what I do is 

    1 create a liability account for incorrect super details (easier for audit)

    2 receive money to bank account transaction allocated to this new account 

    3 Phone and get BPAY or bsb and account number details from Super fund for employer contribution 

    (can sometimes be found on their website)

    4 Pay via Internet banking and allocate via spend money to incorrect super details account 

    Never had an issue with doing it this way