Subcontractor superannuation contribution payments
We have several subcontractors that are employed by us as labourers. Under the legislation I need to pay superannuation contributions for them. I need to know an easy way of making payment via MYOB Business as a batch payment like the way it is done through single touch payroll. I also need to record the payment to reconcile with what comes out of the bank. Any ideas will be appreciated.
Hi RNR2022,
Thank you for sharing your concern on the forum and I apologize for the delay in our response.This similar thread might provide you with more insights on how to record superannuation for contractors. Regarding your reconciliation, if the 'Pay Liability' transaction is processed in the correct account, you should not encounter any issues.
Please feel free to reach out if you need any further assistance with this.
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Thanks,
Genreve
