Businesspro
2 months agoContributing User
Superannuation
If I have paid an employee super twice and doubled up, can I enter zero super in next pay run? The super has been accepted and paid.
Hi Businesspro,
Thank you for your response. You're right. For an overpayment refund, you will need to get in touch with the superfund. Once this is done, you can proceed with the super payment along with the pay run during the next pay period as usual.
Feel free to create a new thread if you require any other assistance.
Thanks,
Genreve
Hi Genreve
I will contact the Super Fund to return the overpayment. However I already Reversed the incorrect pay run to cancel it out in Myob. Is this okay? Even though I haven't received the refund as yet.
When I reversed the extra pay run it automatically was a negative superannuation figure as well as all items, base hours, leave and sick accrual. I assume this is enough as it was sent through STP and "accepted". That means all I need to do is allocate the refund in the Bank Feeds when it appears. Is this correct?
Hi Businesspro,
Thank you for the update. Since you have reversed the whole pay run, as the ATO accepted this, it will not be recorded to the ATO. What you'll need to do next is reprocess the pay run with the correct superannuation payment amount. This will correct the figures in the ATO containing the correct pay super amount for the pay period.
Once you receive the refund for the overpayment, you may record it as received money to allocate the refund correctly.
Feel free to reply if you need further help. I also recommend getting in touch through our online help center, MOCA, whenever you need immediate assistance.
Otherwise, if my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.
Kind regards,
Shella
Hi Shella,
The pay run was put through twice. So the ATO have the correct pay run which was intially entered with the correct super amount, which the STP shows it has been "accepted". The extra pay run that was entered which shouldn't have been put through, has also be "accepted" as well as the Reversal I made for that extra pay run, which has also been "accepted" through STP. If I reprocess another pay run it will be another extra double up again. Does that make sense? Or maybe I'm not understanding you?.... MOCA asked me to email Payroll directly and Payroll weren't any help at all!
Hi Businesspro,
Thanks for the response. My apologies for the confusion. If the duplicate pay run and its reversal have both been accepted by the ATO, it should have effectively negated the impact of the duplicate pay run. This is because the reversal would have sent negative values of the duplicate pay run to the ATO, canceling out the extra pay run. To make sure that all payroll figures are correct, I recommend running the payroll register, payroll activity, and the YTD report to check that the figures are all accurate. If this report matches the figures, then it simply means that we've done the payroll correctly, and what we will need to do is wait for the overpayment to be refunded and allocate it correctly.
Feel free to start a new post if you need further help. On the other hand, I highly recommend getting in touch through our online help center, MOCA, whenever you need immediate assistance.
Otherwise, if my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.
Kind regards,
Shella