Super Refund MYOB Entry

[FAW]

Hi

I was wondering if someone would please be able to help me.

We usually pay Super through MYOB.  However we had a $1200 Super Payment paid to the wrong Superfund by accident (our fault).  That Superfund returned the $1200 on the 1/8/2018 and it was entered into MYOB as:  Receive Money and put to a

2xxxxx account (Payroll Liability).

On the 5/12/2018 we made the $1200 payment to the correct Superfund by direct deposit not through MYOB Super.  It was entered in MYOB as a Spend Money and put to the 2xxxx account (Payroll Liability).

My question is would this make our Super accounts etc correct in MYOB or would it now be incorrect with the wrong entry? 

Thank you

[Neil_M · Accepted solution]

Hi @FAW

Generally speaking, if you are dealing with a returned superannuation contribution, we recommend following the steps outlined in our help article Reversing and reprocessing superannuation payments. This article steps through how to reprocess the superannuation contribution to be able to send it out through the Pay Superannuation system.

In terms of the transactions themselves, typically if the same accounts have been used in both a Spend and Receive Money then the two transactions would offset one another.

[FAW]

@Neil_M thank you for your help.