Super Payable - Ledger - Not Reconciling
Good day, I’m using the Pay Super option through MYOB to process superannuation payments. While the payments go through correctly for each relevant quarter, I’m noticing an issue with the individ...
Forum Discussion
Hi AKAKDP,
Welcome to the Community Forum!
The superannuation contributions from the pay runs are appearing as debits in the Super Payable account because this is the standard accounting treatment for such transactions. When superannuation contributions are deducted from employees' pay, they are recorded as a liability in the Super Payable account until they are paid to the superannuation funds.
The issue might be due to the linked account settings. You need to check your linked accounts to ensure they are set up correctly. For Superannuation pay items, verify that the linked expense account and linked payable accounts are the ones you want MYOB to use. This setup is essential for accurate tracking and reconciliation of superannuation payments. For detailed instructions, please see this help article: Checking how much super is payable
Regards,
Earl
