Incorrect Pay from Account - Superannuation Payment

Question

I have processed a Superannuation payment from the incorrect 'Pay From Account'. The Super payment has been authorised and processed. The account used was 1-6810 when it should have been 1-6820. How can I fix this so the correct account is used and shows up on the bank reconciliation. Thanks.

C-E · Answer

I did exactly the same thing. I did a transfer in the banking section to go out of Account 16820, as it was meant to into the account 1-16810, it came out of and that will reconcile both accounts when you manually select them in the account

Princess_R · Answer

Hi @jcarafa,

Totally happens sometimes. The Pay From account you pick when creating the Pay Super transaction only changes how the payment is recorded in MYOB, not the account the money is actually taken from. The funds will still come out of the bank account that was originally selected when Pay Super was first set up.

The easiest way to tidy it up is to move the amount from account 1-6810 to the correct bank account, 1-6820, with a quick journal so your bank rec lines up properly. It’d also be worth checking with your accountant or advisor on the exact journal entry, just to make sure it’s recorded correctly in your file.

Cheers,

Princess