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1Lianne's avatar
1Lianne
Member
9 days ago
Solved

July Super Help

I processed 1st July & 8th July through Accountright Pay Super function. However, the ATO will assume half of the employees in each batch were still settling June quarter liability. In rounded figures, not exact ie still needed to lodge a SGC Statement. 

My problem is, MYOB thinks all employees were paid in full for 1st & 8th July BUT I know I still owe those values for half of the employees. I can journal the information and the balance sheet is correct BUT how will I remit the amounts through MYOB to get to the individual employees' super accounts?

I'm thinking I'll need to register with an external clearing house and manually distribute to their superannuation funds? Through MYOB would be so much easier! AI suggests I recreate payrolls to record the super amounts again but that will incorrectly inflate YTD figures etc.

  • 1Lianne's avatar
    1Lianne
    7 days ago

    Hello again,

    This is not the solution required or initially queried. Nevertheless, I will "mark as solution" to stop the going around in circles, and register with an external clearing house for the sole purpose of remitting the superan specified. 

4 Replies

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    9 days ago

    Hi 1Lianne,

     

    Yes, recreating the pay run can affect YTD figures. Generally, the right fix depends on what needs correcting. The usual fix we recommend is to either adjust the super in the employee’s next pay, or process a $0 adjustment pay and enter the super amounts only, with all other payroll categories set to zero.

     

    However, if these amounts relate to a June quarter SGC obligation, please check with your accountant or the ATO first to avoid further issues with reporting their super contributions.

     

    Cheers,

    Princess

  • 1Lianne's avatar
    1Lianne
    Member
    9 days ago

    Thanks Princess_R,

    this is entirely about getting 1st & 8th July to be recognised by MYOB as presently un-remitted so that they can be remitted through the Pay Super function. Strictly speaking, the VALUES have been remitted but since ATO applied to the June liability, which is now finalised via SGC Statement, I need the amounts back in the Pay Super screen, as owing for July.

    You mention the usual fix is processing a $0 adjustment pay with only the super amounts entered: won't this double-up or inflate super with regards this 2026-2027 year against QE? Thanks in advance for the additional clarity.

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    9 days ago

    Hi 1Lianne,

     

    Thanks for the follow-up question. In this case, I’d recommend checking with your accountant to decide the best way to handle it, as reprocessing or making an adjustment could end up double-counting your super contributions.

     

    Cheers,

    Princess

  • 1Lianne's avatar
    1Lianne
    Member
    7 days ago

    Hello again,

    This is not the solution required or initially queried. Nevertheless, I will "mark as solution" to stop the going around in circles, and register with an external clearing house for the sole purpose of remitting the superan specified. 

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