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July 2021
July 2021
Hi MYOB
Something isn't right MYOB - 10% aint 10% - 9.5% is 9.5%
I have put this in another post but this needs its own post MYOB -
10% is calculating around 10.5% plus or minus - and I suspect same error that is happening as per your inventory calcualtions - your decimal places of precision.
However, if I create an additional employee super and make this 5% - it exactly gives 10% perfectly
Put 5% on the super guarantee and I get 0.5% - oops MYOB this is not good at this late juncture.
I am trying to find a figure in super guarantee that will give exactly 10% until you fix!!!!
The Doc
Solved! Go to Solution.
July 2021
July 2021
Hi MYOB
This is frightening - every time I change the super percentage it comes up with a different value BUT NEVER the percentage set!!!!
I went from 10% to 9.7 - and got close to 10% - about 10.00001 - so I altered the percentage slightly to see if I could get closer and it went to about 7.5 % - so I went to 10% again and it calculated 10.59% - then I went back to 9.7% and it calculated 7.5%
Frightening MYOB - !!!!!!!!
The Doc
July 2021
July 2021
Hi @The_Doc
Superannuation is calculated on a full month basis and thus to accurately look at the superannuation amount of a particular pay all pays in that month do need to be taken into consideration. This is due to the fact that AccountRight may do an adjustment on a pay to ensure that superannuation is calculated as intended for that full calendar month.
We've happy to look into the superannuation calculation for you, we would need to grab the screenshots of the following information to investigate in more detail:
Based on the fact that you did say you created a new category for 5% but it gives you 10% you have a pay history for the month that has the incorrect superannuation amount on it. As a result, the system is doing an adjustment on that pay to give you that full calculation basis for the calendar month.
July 2021
July 2021
July 2021
July 2021
Hi @The_Doc
Fantastic. Based on that additional information and that employee as an example it does sound like the superannuation is calculating as I would expect. However, do let us know the above information if you want us to look at the superannuation calculations in the file at any stage.
July 2021
July 2021
Mine is calculating at 11.5%
How can I fix this?
July 2021
July 2021
Hi @AFCG
You need to read the entire post - it is suggesting that there is a deficit in your super as calculated from 1 Jul and the 11.5 is merely a catchup to bring the super for July for that staff memeber to 10% in total.
This figure will then (should then) jump back to 10% on the next pay cycle - however, I am making assumptions that there is nothing wrong with how your super is setup - but it seems there is nothing wrong with the calculations in the back of MYOB.
The Doc