how to i make an entry for a lump sum contribution of $2000 made to my superannuation

Hi Blondie2,

The method to enter a lump sum payment differs to a super contribution (eg an employer contribution or salary sacrifice amount). A lump sum payment can be used when entering amounts such as bonuses or redundancy payments so the tax can be aggregated over a number of pay periods. A super contribution can be set up as a one-off payment from within the pay run itself or as a recurring amount. Additionally, the method to enter it in the pay run will change depending on if it is an Employer Contribution, Member Voluntary or Salary Sacrifice payment:

To enter a one-off Super Guarantee or Employer Contribution super adjustment: 

1. From within the pay run, select the employees name to expand their earnings lines.
2. Select their green Actions button and choose 'Adjust Super'.
3. Select the type of payment (Super Guarantee or Employer Contribution) from the dropdown. Enter a note as required and the amount, then Save.

To enter a one-off Salary Sacrifice or Member Voluntary payment:

1. From within the pay run, select the employees name to expand their earnings lines.
2. Select their green Actions button and choose 'Make a Deduction'.
3. For a Member Voluntary contribution, select 'Post-Tax Deduction' and select a super fund to pay the amount to. For Salary Sacrifice, choose 'Salary Sacrifice' and enter a payment method. Add a note as required and the amount, then Save. (If it needs to be recorded as RESC, the payment method must be recorded as paid to a super fund)

More information on recording super contributions in QuickBooks Online can be found here and here.

-Kass