Forum Discussion

Trishelle's avatar
Trishelle
Experienced Cover User
5 years ago
Solved

How to link the reportable super in the Payment Summary set up when it includes the Guarantee as well.

Using Accountright 19.1 or 2.  An accountant at our request changed the super contribution for one employee to 15% in November last year.  Unfortunately it doesn't differentiate between the Super Gua...
  • GDay53's avatar
    5 years ago

    Trishelle 

     

    Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

     

    Yes if the employee has a say in the added super it is RESC.

    If the % raise was done by the employer and all employees received it no it is normal super G'Tee.

    For it to be reported seperately as RESC you must first setup the extra % as a Salary Sacrfice Super and track it seperatley in a Liability account.

    If the % only was changed then you will need to manually go back over every pay and calculate the difference in super amounts then do a journal move it into a new RESC liability account make sure you make plenty of notes to explain it. You will also have to manually enter the amount on the payment summaries.