Wrong A/C used for Superannuation
A new Salary Sacrifice payroll category was set up for new employee and incorrectly linked with wrong account number. This was rectified but (of course!) the first payroll was completed first.
So account number 2-6100 Trade Creditors was used instead of Superannuation 2-5699.
The Payables Reconciliation Summary was out of balance from the date of this payslip but when Super was paid, this was back to zero. I first did a Journal entry, thinking this would simply deduct amt from wrong account and into correct account but this put report out of balance again!
2-6100 account has debit & credit so all good. Correct payment was made to employee.
The only thing out now is the Superannuation account is out by this amount.
I'm not sure how to rectify this?
Thank you.
Hi CollTspt,
Thank you for explaining what caused the superannuation issue you have. From what you’ve described, 2 6100 now nets to zero, and the super has been paid correctly, so AccountRight itself doesn’t need anything changed in that pay.
What’s left is just how the super balance sits in your general ledger, and that’s an accounting tidy-up rather than a software issue. I’d suggest checking in with your accountant about how they’d like to adjust the super and creditor accounts, then you can enter whatever journal they recommend using the general journal feature in AccountRight.
Regards,
Genreve
