Forum Discussion

Sunflower's avatar
Sunflower
Experienced User
5 years ago
Solved

Superannuation

Hi    I have been paying super since last December Qtr. I have made the payment directly to super company (Not by MYOB). I have reconciled the super figure from bank statement I have used superannu...
  • Tracey_H's avatar
    Tracey_H
    5 years ago

    Hi Sunflower 

     

    Thanks for your post.  What transaction did you enter to record the superannuation payment? In order for the payment to be matched to the individual payrun liabilities you need to record a Pay Liabilities transaction. If you record a Spend Money transaction the total payment amount is allocated to the super liability account but not matched to those individual payrun transactions. 

     

    If you have recorded a Spend Money transaction you will need to delete it and record a Pay Liabilities transaction.

     

    Please let me know how you go with this.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
5 years ago

Hi Sunflower 

 

Thanks for your post.  What transaction did you enter to record the superannuation payment? In order for the payment to be matched to the individual payrun liabilities you need to record a Pay Liabilities transaction. If you record a Spend Money transaction the total payment amount is allocated to the super liability account but not matched to those individual payrun transactions. 

 

If you have recorded a Spend Money transaction you will need to delete it and record a Pay Liabilities transaction.

 

Please let me know how you go with this.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • Sunflower's avatar
    Sunflower
    Experienced User
    5 years ago

    Hi Tracey

     

    I really appreciated your help. Thank you.

     

    Yes, I have recorded spend money for super thats why it does not match i understand now. I will delete the spend money transaction but would you mind please give me more idea on how do i record a pay liabilities. would that be under employees' names ?  It would be great if you could give me some example please.

    Many Thanks

     

    Beena

    • Tracey_H's avatar
      Tracey_H
      Former Staff
      5 years ago

      HI Sunflower 

       

      Pay liability transactions are recorded in Payroll Command Centre>>Pay Liabilities. This help article has the step-by-step instructions on how to record those payment transactions: Paying payroll liabilities

       

      Please let me know if you need further help.

       

      • Sunflower's avatar
        Sunflower
        Experienced User
        5 years ago

        Thank you so much Tracy. :smileyhappy:

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