Super Liability in QuickBooks 2004 and the new legislation

Legacy KB ID: 1311

Question

I have to notify my employees that I have paid their superannuation liability to their super fund. How do I do this?

Answer

1) In the employees navigator choose the Pay Liabilities option. In this screen set the date range you wish to report on and select OK.

2) Now you will be in a screen titled Pay Liabilities click Report.

3) This will take you into a report titled Payroll Liability Balances. You now need to zoom in on the Super component to create a list of liabilities per employee. Now memorise and close this report and any other report still open.

4) You will be back in the Pay Liabilities screen, now tick the Super item from the available list and click the Create button. This will create a cheque to pay the liabililty.

5) Now recall the previously memorised report (if the liability has been paid for the given period the ending balance will be zero).

6) This report can now be exported to Excel for use in a mail merge for distribution to employees.


 Alternatively if the user has the QuickBooks 2003 Technology Upgrade installed;
1) Go to the 'Reports' drop down menu and select 'Memorised Reports'.

2) Select 'Employees' and click on 'Super Contribution'.

3) Now filter the report by account to only have super accounts selected. Click on 'Modify Report'.

4) Select the Filters Tab and filter the report to only include super accounts. Then click OK. The Super Contribution report will now display the superannuation liability paid.


To download the QuickBooks 2003 Technology Upgrade go to; https://www.quicken.com.au/Support/ServicePackDownload.aspx?cat=QB2003TU3

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