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October 2020
October 2020
Due to an oversight, Salary Sacrifice for one employee was set to be a POSITIVE amount rather than a NEGATIVE for several pays. This resulted in increased pay for the employee & a negative balance in the Sal Sac account. How do I correct the error without disadvantaging the employee? Do I correct it incrementally by increasing the Sal Sac amount in each future pay until it cancels the underpayment? Can it be corrected by running a single 'zero' pay with the corrected amount amount in the Sal Sac category?
Appreciate your help.....
Solved! Go to Solution.
October 2020
October 2020
Hello @Keith_W
Generally speaking, if there are only a couple incorrect pays, it is best to delete and re-enter these. However if there are multiple incorrect transactions, it may be easier to make correcting entries as you have indicated. The best way to do this is a combination of what you have proposed: incremental $0 pays. In other words, you will need to enter a $0.00 pay for the employee against each month in which the wrong amount of super was paid. Please see this Help Article: Checking and adjusting superannuation, for full instructions on this process.
Kind regards,
Emily
MYOB Community Support
October 2020
October 2020
Hi Emily - thanks for your advice.
The instructions, however, are for the Super Guarantee, & my problem is with Salary Sacrificed amounts which impact PAYGW.
Can you confirm that the instructions are the same for both?
Thanks
October 2020
October 2020
Hello @Keith_W
Apologies for overlooking that; additional attention would need to be paid to the PAYG amounts in reconciling this for Salary Sacrifice. I would suggest refering to this former post on the forum from another user with the same scenario, who received a detailed suggestion as to how to handle that scenario.
Kind regards,
Emily
MYOB Community Support
October 2020
October 2020
Thanks Emily - I have reviewed the links supplied & they have reassured me that by adjusting future pays I will be able to reverse the negative Sal Sac balance.
Thanks again for your response
Keith
October 2020
October 2020
Hi @Keith_W
That's great, glad to hear it. If this post has helped answer your query, please do click 'Accept as Solution' so that others can find this information more quickly in the future.
Kind regards,
Emily
MYOB Community Support