PGAJC
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Re: Incorrect Superannuation Linked Payable Account
Hi Genreve We have run two 'payroll liabilities by category' reports, one for category 'Tax' and the other 'Superannuation' for the periods affected. We then compared the amounts on these reports with the Payroll Journal for each pay run which all equal. However when we compare the total amount of PAYG from the Tax report with the totals from the Super report (including salary sacrifice where relevant) the totals don't match. I can't understand the discrepancy. Any suggestions as to where the error could be from (is it the reporting period).32Views0likes1CommentIncorrect Superannuation Linked Payable Account
We have just picked up that one of our employee's super funds has been set up incorrectly with the Linked Payable Account being the Liability account 'PAYG Payable' instead of "Super Payable'. This has been the case since October 2024!. We have now changed the liability account to the correct one so future pay runs aren't effected, however how do we rectify this bookkeeping error? We believe the correct amounts of PAYG and Super have been paid to the employee, ATO, Super fund but how does this effect our business reports and liability balances?44Views0likes4CommentsYTD Verification Report not matching Payroll Summary
In December we had an employee that was on jury duty and received payment for doing so. Upon returning to work we processed his next pay with his normal salary but 'adjusted' this pay to exclude the amount he received from jury duty. The way we processed this is in attachment. After running the YTD Verification Report the figure for 'Total salary & wages as per payroll summary' does not match our Payroll Summary/Register report for the FY with the Total salary on the YTD report being $720 more (matching the adjusted amount on the employee's payslip). Furthermore, the way it stands now the employee's Payroll Summary report for the FY also states $720 more in gross wages than what is on the company payroll summary report. Do I need to reverse the employees payslip from this period and reprocess by taking the $720 off his Base Hourly amount and not as I have initially as an 'adjust salary' amount to correct this and for the YTD report and payroll summary report to match?47Views0likes1Comment