How can we record and pay superannuation for a sub-contractor who is paid on invoice?

Hi john-warren,

We currently don't offer a feature to help calculate, record and pay superannuation to sub-contractors. I would recommend calculating the amount to pay, outside of QuickBooks, and then creating an expense to pay the super amounts. If you want to pay to their super fund, you can manually pay it out to the fund's BSB and account number.

Bonny

Hi Bonny, 

I was just wondering if there has been any updates to this issue and solution?

Thanks,

Hi sophie211,

Thanks for joining the thread! As of the moment, you can add your subcontractor as an employee with the employment type of Superannuation Income Stream. The payee's ABN will then need to be specified in the Contractor ABN field. Also, the STP tax category for the payee will need to be configured as ATO defined > Non-employee. Please note that this can be set up by going to Employees or Payroll tab, select employee or subcontractors name and then select Tax File Declaration. 

After you've created a pay run for this subcontractor, you'll be able to create a super batch payment for them. For more detailed information you can also check this article: Setting up Super Payments with Beam in QuickBooks Online.

Feel free to drop a comment below if you have any other questions, we're here to help.