Forum Discussion

AdditionalBook's avatar
6 months ago

Superannuation calculated on wrong wage category

Hi   A new client has been incorrectly calculating and paying superannuation on two employee's overtime for the last 12 months.    After identifying this, they contacted the relevant superfunds a...
  • Princess_R's avatar
    6 months ago

    Hi AdditionalBook,


    Thank you for your post.


    Your proposed approach of using zero payroll for the applicable period and entering a negative amount in the superannuation expense field under Employer Expenses is a reasonable way to adjust for the overpaid superannuation. However, it's always advisable to check with the ATO or consult with an accountant to ensure compliance with current regulations.


    I'll provide you with this Help article: Checking and Adjusting Superannuation, which has detailed information on handling overpaid superannuation payments.


    Feel free to reach out if you have any further questions or if there's anything else I can assist you with.


    If my response has answered your question, please click on "Accept as Solution" to help other users find this information.