Super Payment returned /change of fund

Hi SSS_MC,

Good questions, and fair to check before you end up doing a mountain of extra payroll entries. For the returned super, you generally don’t need to do 12 separate transactions if you’re reversing and reprocessing the same period. The usual approach is to do the reversal in one transaction and then re-enter it for processing again. As long as the totals and categories are correct for each employee.

On the salary sacrifice side, a negative salsac super can create a net pay amount, so if that’s what you’re seeing, it’s definitely worth double-checking before finalising it. For both concerns, it’d be best to check this with your accountant as well, so the reversal and reprocessing are handled correctly.

Cheers,

Doreen

Hi Louise678 - thanks for your question.

Take a look at this help topic that steps you through the required process: Returned super contributions

I hope this helps!

Adrian

Thanks Adrian for the reply. I have done all the steps on the Returned Super Contributions help sheet.I have reset her details to the new super account. I have categorised the returned amount to the super payable account/I have processed a negative and a positive payrun as directed. I am just stuck now on the final thing of reprocessing the returned payment into her new account. I have tried to create a super payment just for her but can't get that to work. We pay super monthly so the returned amount of 79.20 was for her June payments . Payment was returned on July 12th. Will this amount be added to her July payments when I make them through pay super or do I need to make this payment separately? Does my question make sense??

Finally the reprocessed transaction showed up in super payments!!!Done and dusted.. Thankyou for your help. 

Hi Louise678,

Thank you for the post. We're glad to hear that your issue has been resolved! If you have any further questions or need additional assistance, please don't hesitate to reach out to us.

Regards,

Sai

Hi SupportNoteGuy​ - I'm following these steps in the video, which are very helpful but as we pay weekly, do I need to do 12 transactions per employee whose super was returned for the last quarter or can I do a lump sum in 1 transaction for the reversals and then another lump sum transaction for adding the super back in for processing the payment?

Secondly, one of the employees had a Super Salary Sacrifice - I entered that separate to the super as a negative SalSac Super and it's resulted in a net pay of the SalSac amount. Is that correct? 

Thanks in advance.