Overpaid Supernannuation

[KathG]

Hi,

A member of our staff was overpaid some commission in payroll. The pay in question was reversed but the super had already been paid through MYOB's super portal. Now I have the correct balance for super in the payroll but my Super account in the General ledger is out by the amount of overpaid super. How can I fix this? I need to do it prior to the EOFY.

Any ideas would be greatfully appreciated. 

Kath

[Tracey_H · Accepted solution]

Hi @KathG 

Thanks for your post and my apologies for the delay in replying. When you have overpaid super it is best to get the super fund to refund the overpaid amount. You can then enter a Receive Money transaction to record that refund and correct the super expense account.

Please let me know if you need further help.

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