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Tessar6's avatar
Tessar6
User
3 months ago

DUPLICATED SUPERANNUATION ACCRUAL

Hi all

 

Need advice as to how to fix having changed a category for an employee for superannuation I failed to untick the area it was originally posting to.  So now I have 2 accruals which payroll would show as a double cost to the P & L as well as the Accrual account.

 

How do I reverse the incorrect duplicate for the numerous payroll runs for this employee?

 

Do I need to insert a negative (reversing journal) via each payroll run or can I do one mass reversal?

 

Clearly a mass reversal will not desirably allocate to each quarters BAS either.

 

I am in a bind as I nor my Manager have any idea as to how to fix this issue - can the MYOB community suggest the right approach here please?

 

Awaiting your pro-active recommendations please?

1 Reply

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  • Hannah_V's avatar
    Hannah_V
    MYOB Moderator
    3 months ago

    Hi, Tessar6. Thank you for reaching out here in the Community Forum.

     

    Please be reminded that, you'll only be able to reverse a super payment if the status is:

    • Payment failed
    • Reversal required

    If a super payment has the status Reversal required or Payment failed only reverse the payment if none of the contributions in the payment have been paid. If a contribution has been paid, or has been returned from the super fund, see Returned superannuation contributions.

     

    Reversing a super payment doesn't change any of your employees' pays. It just returns the contributions back to the Create super payment screen with all the other unpaid contributions. If you've paid an employee the wrong super amount, find out how to adjust the employee's super in a pay run. Also, if an employee's super fund details are wrong you'll need to update their fund details before paying their super.

     

    To reverse a super payment

    • Go to the Payroll menu and choose Super payments.
    • If prompted, log in with your MYOB account details.
    • Click the payment to be reversed. The contributions within the payment will be listed.
    • Confirm the details of the payment you're about to reverse.
    • Click Reverse transaction.
    • At the confirmation, click Reverse transaction.
    • Click Record reversal. The payment is reversed and is now listed with the status Reversal Completed.

    Each of the contributions within the reversed payment will be listed again on the Create super payment screen.

     

    Let me know if there's anything that I can assist you with and I'll be happy to help! 

    If I'm able to help you today, please click "Accept as Solution" to assist other users in finding this information. 

     

    Best regards,

    Hannah