payday superannuation using MYOB
how long does MYOB take to actually make the payment to the super funds?
Forum Discussion
NOT GOOD enough as the new rules for pay day super from the ATO require the payment to be received in the employee's super account within 7 seven days. So how is MYOB going to speed this up?
Sai - you have completely misunderstood my query...
For us to use your pay super in MYOB and especially with the new payday super rules, MYOB needs to work very quickly to ensure compliance and the clearing house (MYOB Clearing House) is process the payment fast. The funds have been deducted from my bank overnight - and that part is working fine. it's the behind the scenes machinations that is outside our control that is the issue...please get this right as many businesses will be in super guarantee charge situations if you guys are delaying the process.
