Forum Discussion

Billingsley15's avatar
Billingsley15
Experienced User
3 months ago
Solved

Payday Super

Hi all,

Our pay week ends C.O.B each Sunday and I prepare our payroll every Monday and change the Pay Date to the following Thursday.

This gives our employees a pay slip to check for any possible errors and if needed, their pay can be adjusted before payment is processed.

When Payday Super is active, will the Super payment be automatically paid on the Monday that the pay is prepared or on the Thursday when the pay is actually paid to the employee?

Thanks in advance for any information.

Cheers Billingsley

  • Earl_HD's avatar
    Earl_HD
    3 months ago

    Hi Billingsley15,

    That's a tricky one! When Payday Super comes in, super won’t be automatically paid when you prepare the pay on Monday. MYOB uses the Pay Date on the pay run (in your case, Thursday) as the official date for super.

    Regards,
    Earl

4 Replies

  • Billingsley15's avatar
    Billingsley15
    Experienced User
    3 months ago

    Hi Earl,
    Thanks for the prompt reply.
    That's what I was expecting and it makes sense.
    Cheers,

    Billingsley

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    3 months ago

    Hi Billingsley15,

    That's a tricky one! When Payday Super comes in, super won’t be automatically paid when you prepare the pay on Monday. MYOB uses the Pay Date on the pay run (in your case, Thursday) as the official date for super.

    Regards,
    Earl

  • MOTIVATED's avatar
    MOTIVATED
    Experienced Cover User
    1 month ago

    Hi Earl,

    I had the same question as Billingsley15 and this makes sense to me also.

    But in searching, found another person was provided 3 links in relation to the setup of Payday super

    by SupportNoteGuy MYOB Staff.

     

    One Link: "Make Super Payments" states the following:

    No. The superannuation payment will be processed once it has been authorised. If you enter a future date in the Date field of the Pay Superannuation window, but authorise the payment today, it will be processed today.

     

    So querying, if payroll processed in advance with a future EFT date and authorise the payment, that super will be actually processed that day instead of the date of EFT?

    Would you then process the pay in advance and have to go back to authorise when ready to pay?

     

    Regards Deb

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    1 month ago

    Hey MOTIVATED,

     

    If a future date is entered on the pay run, the super payment will still go through on the day you authorise it, not the EFT date. So yes, if you’re processing payroll ahead of time, you’ll need to pop back to the super payment when you’re ready to authorise and pay it.

     

    Cheers,

    Doreen

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