How to make compliant super payments with AccountRight

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MYOB Moderator Merrin
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MYOB Moderator
Australia

How to make compliant super payments with AccountRight

**Update 20 July**

 

Recently the ATO has announced that bigger businesses (greater than 20 employees) have until the end of October 2015 to comply with SuperStream requirements.

 

Given this decision, if you have 20+  employees you can start using MYOB’s super portal from August.

If you have 19 or fewer employees you have until the 30 June 2016 to comply with SuperStream requirements, and can start using MYOB’s super portal in time for your first contribution of the new financial year.

 

We recommend you pay your June quarter or any monthly contributions the way you normally do. We will contact you via email or in product when you can start using MYOB’s super portal.

 

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SuperStream is a government initiative to simplify your superannuation obligations by making it mandatory to make super payments electronically (no more sending cheques) and also electronically provide contribution data (including your employees’ details and information about the payment).

 

SuperStream applies from 1 July and all employers that pay super need to comply.

(If you have 19 or fewer employees, you have up to 12 months to make the change.)

 

MYOB has a SuperStream solution to suit your business.

 

Using the new AccountRight 

 

If you’re using the new AccountRight, you can sign up for Pay Super from the Payroll Command Centre and make SuperStream compliant payments straight from your software.

 

It’s the easiest way to be sure you’re compliant, and you can pay unlimited super contributions as part of your AccountRight subscription.

 

Working with AccountRight Classic 

 

If you’re still working on the desktop with AccountRight Classic, now’s a good time to consider upgrading, and enjoy the time saving benefits of Pay Super. Not to mention all the benefits of working online.

 

Not everyone can upgrade. If you need to continue using AccountRight Classic and have a subscription, you have access to use MYOB’s super portal.

 

MYOB’s super portal is an online, SuperStream certified service that is accessed from your product. By uploading a file created in AccountRight to MYOB’s super portal, you’ll be able to pay and report all your super contributions.

 

What do you need to do?

 

Go to myob.com.au/paysuper and select AccountRight as your product to get your tailored SuperStream solution.

 

Then follow the instructions to either upgrade to the latest version and sign up for Pay Super, or register your details for MYOB’s super portal.

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