Change in Super Boundaries are necessary when the last PPE of a month is payable in the following month, i.e. the month ends on Sunday 30th and employees will receive their payment in the following month,
or
When the first PPE of a month is payable in advance, i.e. a PPE ending on the 1st of a month is paid to employees on the 30th of the previous month.
Wage Easy tracks SGC superannuation on a monthly basis. If the last PPE in a month is payable in in the following month, then this amount of SGC superannuation must be reported in the following month, or if the first in the new month is paid to employees in the previous month, then this super contribution should be included in the previous month. Since the tracking occurs on a monthly basis any PPE dates included in a month will be included in that month’s super report.
Note: Changing the Superannuation boundary will not affect other superannuation types such as Salary Sacrifice, Employer Additional and Employee contributions as these are set in the individual employee file. Please also consider possible requirements for manual treatment of any RESC items and employee contributions depending on circumstances.
You will need to follow the steps below to ensure the SGC paid is reported in the correct month:
Setup, Preferences, Configuration, Period End, Superannuation
Change the Superannuation Boundary, i.e. to Exclude the last PPE of the month and add it to the following month, the days displayed should be greater then 0.