Forum Discussion

H-TS's avatar
H-TS
Trusted User
5 years ago

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 im...
  • Tracey_H's avatar
    5 years ago

    Hi H-TS 

     

    Thanks for your post. To record this in AccountRight you will need to follow these steps:

     

    Say you processed a super payment of $1000 but it should have been $750 so you've been refunded $250:

    1. process a reversal of the pay super (-$1000 to the bank account)
    2. process the payroll adjustment (-$250 into that period paid)
    3. process a Pay Liabilities which will include that -$250, giving you a total of $750
    4. you will then have -$250 in the bank account to match to the refund

    These help articles will guide you through this process:

    Checking and adjusting super 

    Reversing and reprocessing super payments 

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.