The superannuation guarantee was not increased to11.5% prior to a pay run in July having been completed.
What is the best way to adjust the employees super by the .5% to correct the pay run and the reporting.
We have now increased the super guarantee to 11.5%
We have 300+ staff that need to be corrected by the short fall.
Regards Carmen
Hi there Carmen4,
Ensuring that the rate of super is 11.5% is great to make sure that the next pay run, super, will be calculated correctly. With your concern, to correct the pay run and payroll reporting, the best approach is to manually calculate the missing superannuation payments. Once you have the missing amount to be processed, you can create a separate entry to enter the figures.
Best regards,
Doreen
Hello Doreen,
The pay run had already been completed on 13.07.2024 and the error was not found until we did the next pay run on 27.07.2024. Is there a report I can run just on the super for 13.07.2024 deductions that I can then use to calculate the differences for each employee. and then import.
Regards Carmen
Hi Carmen4,
I get that you're looking for a reference for the previous super payments you've created. You can use the Superannuation Payments reports, any of these two reports can produce the information you are looking for.
Feel free to let us know if you need any further help.
Thanks,
Genreve
