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July 3, 2020
Question

Hello, I’m a sole trader and want to know how best to record personal super contributions that are made by myself monthly? I am working with QuickBooks online. Thanks

  • July 3, 2020
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1 reply

July 3, 2020

Hi there, designmummy.

 

Let me share some details on how to record your monthly personal super contributions in QuickBooks.

 

First, let's create an expense account for super contributions. In the time transactions show in the bank feed, we can associate the payment to the expense you've created in the Chart of Accounts.

 

To make sure that you'll not miss any of the steps, please refer to these articles. Each of them contributes important information and more tips on how to do it. Here are they:

 

 

Also, it's best to reach out to your accountant. They can help us ensure that everything is accurate and properly set up in QuickBooks. They might also share the easiest way to record your monthly personal super contributions.

 

Post again if there's anything I can do for you with QuickBooks. I hope you're having a good day. Take care!