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Bookkeeping – Super Calculation not the same on different staff wages
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Published on Tuesday, 24 March 2015 16:45
A client and was panicking when they discovered the super calculation was not the same for a new employee as it was different to other staff wages with the same hours.
I questioned her to get clear about how the employee is set up and we checked -
· Same super category used? Yes
· Same wage per hour and same GROSS in payslip? Yes
· Any other pay categories used – overtime, allowances… NO
· OK when did the first employee start? – Last month
· And when did the new staff start? – Last week
OK let’s work out what the problem could be – the first employee has two weeks of pay, the new employee has one week of pay.
MYOB and Reckon/Quickbooks balance super over a month, because super does not need to be paid until $450 is earned in month. The software will generate no super on the first pay of the month if the gross is under $450. Over $450 - super will generate (usually for most full-timers).
When an employee starts the second week or third week, super is sometimes more for THAT pay as it is catching up for last week and this week - the total for the month – it keeps balancing and comparing for the gross for the month.
Generate a report for the payroll for the MONTH, including the super, and divide the super of one employee by the gross. You should get 9.5% (often 9.499%). Check other employees to confirm.
If you are having problems, give us a call so we can help sort it out! Paul 0407 361 596.
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