How do I write a pay cheque with superannuation?

Legacy KB ID: 2842

Question

How do I include superannuation when I am writing a pay cheque for an employee?

Answer

First of all you must setup a Superannuation expense category and a liability account.

To create a category open the Category and Transfer list, select New and choose expense as the type.

To create an account, open the Account list, select New, choose Liability and follow the prompts to enter the account details.

Now open the Memorised Transaction list. Select New and choose the Payee name. Enter the total amount that you wish to pay the employee.
Select the Split button.

You are now required to enter 4 lines:

1) Enter the Gross Wages amount
2) Enter the PAYG tax amount assigned to a payroll tax liability account. Amount should also be negative.
3) Enter the superannutaion amount assigned to an expense account.
4) Enter the superannuation amount assigned to the superannuation liability account. This amount should be negative.

Select OK and every time you create a new transaction for the payee name in your account register these details will appear.

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