Reversing Overpaid Superannuation
Hi, We have overpaid superannuation for an employee over several months. I have made an adjusting VOID pay entry to reduce the super payable, manually doing this at the end of a month to avoid impacting the next month's $450 calculation. The super fund has now refunded the overpayment but I'm struggling to work out how to process the transactions. This reverse and reprocess procedure doesn't really apply because I don't need to reprocess the payment: https://help.myob.com/wiki/display/ar/Reversing+and+reprocessing+superannuation+payments I'm not sure this one really applies either: https://community.myob.com/t5/AccountRight-Staffing-and/Reversing-payroll-after-using-Pay-Superannuation-in-MYOB/m-p/404333#M24664 because it says "If you are not getting a refund from the Super Fund, there is no need to process this negative payment for now." We did get a refund so I need to process the negative payment. I thought it might be as easy as recording a Pay Super entry with only the negative transaction selected, and not authorising it. However, trying to do that I get a little red X on the screen but no more information if I hover over it. The Pay Liabilities screen also doesn't allow me to process a negative payment. How do I clear out the negative super transaction to match to the refund received from the super fund? Thank you in anticipation. :)Solved2.3KViews0likes4Comments
Missing Superannuation entries
Hello, I have processed super for 3 fortnightly payruns (10Jun, 24Jun and 8Jul). 3 of our employees are with VicSuper, which has merged with another fund at the end of June 2020. Because their detailes were not updated on time in the employee card file, for these 3, MYOB returned the message "The superfund detailes entered for XXX, are invalid". At the time, I've skipped these 3 employees and processed the rest of the payments. After updating their new superfund details, we ran the super payment again only for the 3 previously skipped employees, but the "Pay Superannuation" screen, prompted us with the entries only for the last fortnight ending 8Jul2020. Entries for 10Jun and 24Jun were missing. So, at the moment, for these 3 employees: - We have paid our liability only for the fortnight ending 8 Jul2020 and are unable to pay the super for the fortnights ending 10Jun and 24Jun; - in the "Manage Payments" screen, we only have the pays processed for the fortnight ending 8Jul2020 AND - in the "Pay Superannuation " screen we do not have any entries related to the fortnights ending 10Jun and 24Jun. I tried to find a solution in previous posts, but wasn't able to. At this point, the only solution I can come up with is to run a NIL payroll - only with super figures- and pay super as normal. But this it will double up the liability in the BS and I will have to adjust it through a GJ. Please help me clarify how to pay their super without doubling up. Thank youSolved1.4KViews0likes4CommentsCorrecting super overpayments
We are using AccountRight 2020.2.2. We have recently finalised the 2019/20 year for payroll and have now found that we have overpaid our super contributions. We had set up a new payroll code and not exempted it from super. The overpayments spread from April to now. Can you please advise how we would go about correcting this in MYOB. Thank youSolved1.4KViews0likes1Comment
Salary inclusive of super - can MYOB automatically calculate this?
Hi Our salary is inclusive of super. Is there a way that MYOB can automatically calculate this on our behalf? Or, do I need to enter and adjust the salary excluding super, and adjust this manually each time super changes.Solved1.4KViews0likes2Comments
Split Superannuation Payments
Hi. Does MYOB AccountRight have the capabilities to split a weekly Superannuation contribution into two seperate super companies per one employee? For example if one employee is due $50 total super for one week, can we split it to have $25 go into one super company account and $25 go into a different super company account? The employee has a self managed super account but wants to keep their current insurance in tact with their previous super company, therefore they need to be showing regular payments into their previous super company account and still grow their self managed account. Thank you612Views0likes1Comment
