The superannuation provision journal (transaction number prefix SJ) is a type of general transaction. It is used to record the funds set aside for each member's superannuation at the end of a pay cycle. Unlike most other transaction types, it does not have an activity attached to it. This is because transactions of this type are only ever posted by the Payroll activity.

 

This transaction always debits the superannuation (expense) controlled account and credits the superannuation provision controlled account. Each line item corresponds to a particular member, with the total being equal to the sum of the employer contribution and any voluntary contribution.

 

Transactions of this type are not subject to GST.

The superannuation provision journal can also be used to make arbitrary adjustments to a member's superannuation balance (for example, to correct errors). Adjustments can be positive or negative and are created from within the superannuation activity.