Making Super Payments

CN1Myob

For MYOB Business (Payroll Only)

When attempting to create a super payment, in the Account field, you are directed to choose the MYOB category that represents the bank account from which you're paying super.

When I set up my PayDay Super I nominated the bank account to make payments from but there was no description of what type of account this was.

Which account should I select?

     1-1000 Cheque Account Asset

Or 1-2000 Undeposited Funds Account Asset

Or 1-3000 Electronic Clearing Account Asset

Or 1-4000 Payroll Clearing Account Asset

Genreve_S

Hi @CN1Myob, 

 

Thanks for laying it out clearly. Choose the account that matches the bank account you set up for PayDay Super.

So if your super payments come from your everyday business bank account, pick that account in MYOB.

If you use a clearing account in MYOB for payroll or super, pick that instead.

In most cases:

• Cheque Account: use this if it’s your actual business bank account
• Electronic Clearing or Payroll Clearing: use one of these only if that’s part of your usual setup
• Undeposited Funds: this usually isn’t the right one for Pay Super

The key thing is that the MYOB account should match the account you originally set up for PayDay Super. If you need to change the bank account itself, you’ll need to update your PayDay Super settings first.

 

Regards,
Genreve