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Re: Superannuation calculated on wrong wage category
Hi Princess_R Thank you for your message. I wasn't feeling comfortable doing the zero payroll as I felt it wouldn't tell the full story (if you know what I mean). I had a chat with their accountant and agreed to reverse each payroll that was incorrectly calculated and reprocess it with the correct payroll categories. It was a slow process but it was worthwhile as it also re-affirmed the overpayment calculated to reconcile with the refund received. Thank you for your input.124Views0likes1CommentSuperannuation calculated on wrong wage category
Hi A new client has been incorrectly calculating and paying superannuation on two employee's overtime for the last 12 months. After identifying this, they contacted the relevant superfunds and have successfully obtained a refund on the overpaid amounts. Now they have received the two refunds, what is the best way to enter this back into MYOB? I was thinking I would need to do a zero payroll for the applicable period and in the Pay Employee screen under the Employer Expenses, enter a negative amount next to Superannuation expense field which will automatically put a positive value in Superannuation Payable liability field. Is that the appropriate/correct way to do this? And is this an STP reportable transaction (I think it is but I'm getting pressure to not a they're worried it will trigger some sort of audit from the ATO). Thank youSolved260Views0likes3Comments