Incorrect Superannuation Linked Payable Account

Hi PGAJC, 

Thanks for explaining what’s been happening with your super setup.

If the pays, PAYG, and super payments themselves are all correct, you don’t need to change anything in STP or for the employee; it’s just a bookkeeping tidy‑up.

Because the super’s been going to the PAYG Payable account instead of Super Payable, you can fix it by doing a general journal to move those amounts from PAYG Withholding Payable over to Superannuation Payable. You can do this as one journal for the total, or split it by period/financial year if you prefer.

If you’re not 100% sure on the amounts or dates, it’s worth having a quick check-in with your accountant so they can confirm how they’d like it shown in the books.

Regards,
Genreve

Thank you - I will talk with the accountant

Hi Genreve

We have run two 'payroll liabilities by category' reports, one for category 'Tax' and the other 'Superannuation' for the periods affected. We then compared the amounts on these reports with the Payroll Journal for each pay run which all equal. However when we compare the total amount of PAYG from the Tax report with the totals from the Super report (including salary sacrifice where relevant) the totals don't match. I can't understand the discrepancy. Any suggestions as to where the error could be from (is it the reporting period).

Hey PGAJC,

PAYG in the Tax report shows the tax withheld from your employees’ wages that gets sent to the ATO, while the Super report shows the super contributions paid into your employees’ super funds, including Super Guarantee, salary sacrifice and any extra employer contributions. These two figures cover completely different obligations, so they won’t match each other. It's best to reach out to our team on Live Chat via our virtual assistant, MOCA, or by submitting a support case via My Account if you have any questions.

Cheers,

Doreen