Regularly reconcile super to ensure accuracy and compliance.
Reporting and reconciliation
Regularly reconcile super:
Run super reports after each pay period
Track super payable liability
Verify calculations are correct
Check employee fund details are current
Use Reports β Tax β Superannuation reconciliation to verify amounts owing.
Super on termination
When an employee terminates:
Calculate and pay super on final pay including leave payouts
Make payment to their super fund
Provide them with details of final contributions