Hi,
I need to account for a one-off super contribution for the director of the company. He takes his wages as drawings currently as needed.
Should I set him up as an employee and do a void payroll to account for the super and then use Pay Liabilities to record the BPAY payment already made?
I'm not expecting to do this often. Is there a better way to account for it?
Thanks
Hi BecSter
Generally speaking this is something you would want to discuss with your accounting advisor, as to how they would like you to handle it.
Generally speaking, if it was a payroll transaction then it would be recorded through the payroll system. That said your accounting advisor will have their own preferences and preferred method of accounting for transactions like this
If you were to record this information through the payroll system, to allow the payment to be recorded through the Pay Liabilities section, then it would also be visible in the payroll reports. While not essential, this is worth keeping in mind for your reporting as it will keep all payroll related information in the one place
