Creating Multiple Superannuation Guarantee accounts

suzannengiv

hello,

 

We have an employee whereby we need to set up a  seperate general ledger account to track their  wages and superannuation as it relates to a specific project. it needs to have its own expense account, and not just a job number assigned to it.

I see that you can create a new wage category and link to a new wage account (by ticking the override function), but my question is in regard to superannuation guarantee (SG).  Do l need to create a new SG payroll category for this employee, and then assign a new linked  expense accunt? can you have multiple SG categories.

 

thank you 

Steven_M

Hi @suzannengiv 

 

You have the right idea! You want to create a new category for that employee with the appropriate linked account and ensure that the employee is linked to it.

As the employee will be moving superannuation category just a bit of a note. Superannuation amounts are calculated per month per category. So if you move the employee across mid-month you will find that the first pay using that new category will be a higher calculation than intended. This is due to the fact that the new category is including all the previous pay history for the month in that calculation. To remedy this you want to update the category manually. Or if possible, delay the move until a new month.