Revise or Adjust and how in STP
In January a new staff member provided incorrect account details, so his first pay went into his Superfund instead of his bank account. As the bank was unable to retrieve the funds and we had made payment based on the information provided, we provided an ex-Gratia payment of 50% to help the employee. He subsequently asked us to assist with providing information to his superfund in the hope that they might return the fund. While I have not had any confirmation or anything in writing, I received a credit of almost the same amount in our bank account. So I am now wondering how to fix up the employee with respect to STP and deal with the funds.
My thinking is that I will make a payment of the amount received from the Superfund less our prior ex-Gratia payment but I am unsure how to account for it and how to ensure that the employee's end of year records will be correct. As he is no longer working for us, any transaction under wages now will also have a different tax rate than originally. Any guidance will be appreciated.
Hi TomD
In that case, you can either do a Negative Pay or Reversal. It is possible to do an adjustment for an employee but there are a few steps you need to do first:
1. Remove the finalisation on STP Reporting: Changing a pay after finalising with Single Touch Payroll
2. Change employee back to active: Card file > Card List > open Employee > untick Inactive Employee
3. Remove the termination date: Card file > Card List > open Employee > Payroll Details > Remove the date under Termination Date
4. Send through the adjustment, then make sure to finalise again and change the card back to Inactive/Terminated
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