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 ...
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.
