20 days ago
Superannuation
Hi, I am self-employed and I pay the super on my Bank account from the Company Account. As I pay weekly my wages and super, I am confused on what categories does the transaction fall. My two frequent transaction are Wages and Super payment.
I have been advised by one of my friend the following;
- Wages & Salary- Electronic clearing account
- Superannuation payment- superannuation payable
I noticed on Dashboard the Superannuation payable is increasing on every transaction. Please advise the right categories for these two frequent transactions and advise me the possible way to correct the errors.
Thank you