AU Payroll - Create an account transaction when you process super payment.
When you approve an auto super payment it would be helpful if an account transaction is created in the bank account with the description detailing the underlying payruns the super payment amounts relate to (ie pay dates, employee total). This would then be matched to the withdrawal on from the bankfeed.
When trying to reconcile what super has been paid and when this information would be very helpful in identifying late super from within the GL or account transaction report.
Nigel Martin
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Anthony Mills
commented
Just the same way the BAS form now generates draft bill, it would be useful if super payments did the same. Many of us have mutliple super payments per pay run (salary sacrifice, superannuation guarantee) that would most easily dealt with by a draft bill button.
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Brendan Knight
commented
Hi Nigel, I agree. This is a good suggestion as the person doing the Bank Rec is not always aware of what has been processed in payroll to be able to code the transactions correctly.
This would simplify the bank rec process for us.
I expect this linking would also then enable us to navigate from the Bank Rec screen to the super batch in a way similar to how viewing a supplier payment batch. -
Christine Gemci
commented
When superannuation is approved for payment, Xero could create a draft bill with totals for each staff member in the draft bill. The total should equal the approved super payment. this is similar to how the Activity statements create a draft bill. We just add in account codes etc which may be missing and then approve the bill. Then the payments can be auto-matched.
