Forum Discussion

BEzBookkeeping's avatar
BEzBookkeeping
Member
3 years ago
Solved

Superannuation

I need help into how I am to journal Superannuation that was paid for a year in advance. The old bookkeeper never used the new STP and paid the super for the whole year before handing over the books ...
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi BEzBookkeeping 

     

    I'm sorry to see that no one has replied to you yet. You could record an adjustment pay for the super amount paid, zero out all other amounts/hours and enter the super amount against the super pay item. Then record a Spend money transaction for the super payment to clear the liability and reconcile the bank account.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
3 years ago

Hi BEzBookkeeping 

 

I'm sorry to see that no one has replied to you yet. You could record an adjustment pay for the super amount paid, zero out all other amounts/hours and enter the super amount against the super pay item. Then record a Spend money transaction for the super payment to clear the liability and reconcile the bank account.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • BEzBookkeeping's avatar
    BEzBookkeeping
    Member
    3 years ago

    Thanks for reply. It's all good I have worked it out myself and Accountant got back to me and checked it. All was done just right.

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