Forum Discussion

sueoptom's avatar
sueoptom
Experienced User
1 year ago

Paying Super that has been reported in another account

Hi, I had to close a previous MYOB account and reopen a new one in Myob Business. Prior to this I recorded a Super payment to the ATO, but hadn't paid the employee.  How can I now pay this Super pay...
sueoptom's avatar
sueoptom
Experienced User
1 year ago

Hi Genreve, The Super is part of last financial year (June payment) and was recorded to ATO in the last subscription.  It is sitting in the trial balance for the new subscription as a Superannuation Liability. 

The payment needs to be paid now though through the new subscription and I cant get access to the super account to transfer the funds.  My accountant doesn't know.  Any ideas on what I can do?

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    1 year ago

    Hi sueoptom,

     

    Thanks for your response. Handling unpaid super payments from a closed financial year can be tricky, and getting advice from an accountant is needed. However, I can suggest a couple of options to manage this:

    • You can create a new pay run specifically for the super payments. Make sure not to report this to the ATO. This will generate the super payments for you to process in the Pay Superannuation screen.
    • Alternatively, you could handle it with a Spend Money transaction.

    Feel free to reach out if there's anything else I can help you with.

     

    Cheers.
    Princess

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.