Hi I just have a question regarding superannuation that needs to be paid out. SG payments. When I go into 'Pay Super' and select dates further than just the quarter that's due there's a list of payments there. I've gone into reports that have been suggested previously to check on what super is due but is anyone able to confirm for me if this super would be due to be paid out. Thankfully most of whats there is for my husband and I as we're employees of the business. Thank you
Hi Bechadds,
Totally get the confusion with Pay Super showing more than the current quarter. It lists any unpaid pay super in the date range you pick, not just what’s due right now. To confirm what needs paying, filter the Pay Super window to the quarter’s dates and run the Superannuation Payable (or Super Accrual by Fund) report for the same range; if it’s unpaid for that quarter, it’s due. You can pay for future periods early if you like, just untick anything you don’t want included. And if you and your husband are set up as employees, SG still applies on eligible earnings. You can check this article about making superannuation payments for more info.
Cheers,
Shella
Thank you Sheila for your reply. What I'm actually referring to is super in the 'Pay Super' window if I select the date range several years back. Somehow these may not have been picked up and I want to be sure that it's owing before we pay it out. I hope this makes sense.
Hi Bechadds,
Thanks for confirming what you meant. Seeing superannuation amounts in the Pay Super window generally means they haven’t been processed via that window, some may also have been paid outside MYOB and not recorded against the Superannuation Payable liability.
If you’re worried anything was missed, run the Superannuation payments report for the exact period you want and compare its Paid/Payable totals with your general ledger activity for the Superannuation Payable account over the same dates, any mismatch usually points to an unauthorised batch, an external payment not posted to the liability, or a returned contribution that needs reprocessing.
Regards,
Genreve
Thank you Genreve, I'll look into it
