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
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
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
