Lump sum Super payroll

gailg

how do you process a payment for a lump sum SG in advance

Doreen_P

Hey there @gailg,

 

Let's dive in on how you can process a lump sum amount for super. Regarding an advance payment for super, the superannuation payment will be processed once it has been authorised. If you enter a future date in the Date field of the Pay Superannuation window, but authorise the payment today, it will be processed today. In addition, here's how you can process a lump sum amount for super.

 

• Set up the salary sacrifice superannuation category (as shown above) but choose the Calculation Basis of User - Entered Amount per Pay Period. This allows you to enter the amount when you pay the employee.
• When you pay the employee, enter the one-off lump sum payment against the salary sacrifice category.
• Click OK and finish the pay as normal.

Here's a link that you can check for more information.

 

Best regards,

Doreen