Correcting super overpayments

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Webb17
Experienced Cover User
15 Posts
Experienced Cover User
Experienced Cover User

15Posts

0Kudos

0Solutions

Solved: Go to Solution

Correcting super overpayments

We are using AccountRight 2020.2.2. We have recently finalised the 2019/20 year for payroll and have now found that we have overpaid our super contributions. We had set up a new payroll code and not exempted it from super. The overpayments spread from April to now.

Can you please advise how we would go about correcting this in MYOB. Thank you 

1 REPLY 1
Steven_M
45,180 Posts
Former Staff
New Zealand
Former Staff

45,180Posts

0Kudos

6,759Solutions

Accepted Solution Solved

Re: Correcting super overpayments

Hi @Webb17 

 

Our Help Article: Checking and adjusting superannuation would be able to assist with that process. In short, you want to process an adjustment pay for the employee(s) that have been impacted that will reduce their superannuation amount. Similar to:

 

Attachment.PNG

 

Ideally, this adjustment pay should be processed on a monthly basis for each employee, however, you could do one adjustment pay for the full quarter if required.

Kind regards,
Steven

MYOB Community Support

Online Help| Forum Search| My Account

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post