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April 2021
April 2021
HI
I have mistakenly over paid a super contribution for March for one employee and it has gone via MPowered Super payments and left the bank account.
I have processed a new pay for the employee and $0.00 out wages etc.. and then Debited my liability account and credited my expense account.
When I next run payroll should I simply process $0.00 amounts for super for the employee as the money has already gone to his super account and draw it down that way each fortnight or is there a better way to handle this.
Help!!
Cheers
Julie
Solved! Go to Solution.
April 2021
April 2021
Hi @Doodygirl
You mentioned MPowered Superannuation is not a product that we no longer support with it being decommissioned in 2016 following Super Stream requirements coming into effect.
You are most likely using the AccountRight 2021 - Pay Superannuation feature. If an incorrect amount was accrued and paid to the employee you would look at reversing out that transaction. This will generate a negative transaction in the Pay Superannuation window. So when you next process the superannuation payment to the super funds you have a negative which can be ticked off to reduce the overall paid in that next payment.Note: you may have to extend out the dates of that Pay Superannuation window to see that negative.
April 2021
April 2021
HI Steven
Thanks for responding to my post, appreciate your feedback. I have a negative amount in the pay super window for March and understand when paying April Super extend my dates to cover March and April to pick up that negative super amount and then apply to the current April amount and the overall payment will be reduced by the negative amount.
Yes you are right, I was using old terminology of "MPowered" ..... old habbits....
Cheers
Julie
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