MrsTucker
6 years agoExperienced Cover User
Super paid twice to the incorrect fund
Hi, I have reversed & paid the super to the incorrect fund again. I know, silly me. I am unable to reverse the second payment. How can I fix this please?
- 6 years ago
I find the whole MYOB offered solution to process a single returned super payment way to cumbersome and not user friendly.
Here is my workaround
1. Create a liability account called incorrect super details
2. To record the funds received back into your bank account use receive money to your bank account from the newly created account
3. Ring correct Super fund and ask for their B-Pay details for paying the employee
4. Process B-Pay via internet banking
5. Allocate B-Pay using Spend Money from bank account to incorrect super details account.
6. Bank feeds will all match Incorrect super account should now be zero and you can sit back and enjoy a cup of coffee
7. Correct the super details in MYOB!!!