Forum Discussion

Webb17's avatar
Webb17
Experienced Cover User
5 years ago

Correcting super overpayments

We are using AccountRight 2020.2.2. We have recently finalised the 2019/20 year for payroll and have now found that we have overpaid our super contributions. We had set up a new payroll code and not exempted it from super. The overpayments spread from April to now.

Can you please advise how we would go about correcting this in MYOB. Thank you 

  • Hi Webb17 

     

    Our Help Article: Checking and adjusting superannuation would be able to assist with that process. In short, you want to process an adjustment pay for the employee(s) that have been impacted that will reduce their superannuation amount. Similar to:

     

     

    Ideally, this adjustment pay should be processed on a monthly basis for each employee, however, you could do one adjustment pay for the full quarter if required.

  • Hi Webb17 

     

    Our Help Article: Checking and adjusting superannuation would be able to assist with that process. In short, you want to process an adjustment pay for the employee(s) that have been impacted that will reduce their superannuation amount. Similar to:

     

     

    Ideally, this adjustment pay should be processed on a monthly basis for each employee, however, you could do one adjustment pay for the full quarter if required.