Forum Discussion

Kaz610's avatar
Kaz610
Member
2 months ago

PayDay Super - Clearing House

Hi All,

I use MYOB Account Right and process the payroll on a weekly basis and pay the staff super on a weekly basis.

I use a clearing house to manually input the super contributions after the MYOB payroll process the same day.

Straight after the clearing house procedure the wages and super are paid via the company internet banking by EFT.

I am assuming that as my company is already compliant paying staff super weekly through an existing Clearing House that it is not necessary to use the “MYOB Pay Super” system as I’m comfortable with the same process which is currently used.

Is that correct and will the process payroll procedure remain the same etc?  I assume the current method being used will be ok as of 1st July.

Thank you for any feedback / clarification.

4 Replies

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    2 months ago

    Hi Kaz610,

     

    Thanks for reaching out and for outlining your current process, that’s really clear and sounds very organised. You’re right that you don’t have to use MYOB Pay Super specifically. If you’re happy using your existing clearing house, you can keep doing that, as long as:

     

    • The clearing house is SuperStream‑compliant, and
    • From 1 July 2026, it can make sure contributions reach your employees’ super funds within the required Payday Super timeframes (generally within 7 business days of payday).

    Because you’re already paying super weekly and sending it through the clearing house on the same day as payroll, you’re essentially working to the new “pay super with wages” rhythm already, which is great. Here’s a link for more info about Payday Super: Payday Super: A Complete Small Business Guide.

     

    In terms of your AccountRight workflow, nothing in the payroll processing steps themselves will change just because you’re using an external clearing house instead of MYOB Pay Super. You’ll still:

     

    • Process the weekly pay run in AccountRight.
    • Use your clearing house to lodge the super amounts.
    • Pay wages and super from your internet banking as you do now.

    If at any point you decide you’d like to bring super payments into AccountRight and avoid the manual clearing house step, Pay Super is there as an integrated option, but it’s not mandatory. 

     

    Regards,

    Sai

  • Kaz610's avatar
    Kaz610
    Member
    2 months ago

    The Cbus clearing house is SuperStream compliant and is running efficiently. Thank you for the confirmation Isaiah_C. Much appreciate your response.

  • Westkon's avatar
    Westkon
    Member
    16 days ago

    Kaz610 do you extract a report out of MYOB and populate the data into CBUS' contribution template?

     

  • Kaz610's avatar
    Kaz610
    Member
    16 days ago

    Hi Westkon

    Yes.

    Once the payroll and super accounts in MYOB have been reconciled the reports are extracted/printed off.

    I then copy the same super amounts to each employee in Cbus (Clearing House website) template, confirm the payment to make which always matches the MYOB reconciliation report.

    After then, I pay the super contribution (in full/lump sum) direct to the Cbus account number (via internet banking).  To date, the Cbus account number and Cbus reference number has been the same.

    The next day, (should I pay Cbus before 6pm AEST) I receive an email from Cbus that all contributions were matched to the payment made via my internet banking.

    Hope this is clear enough and assists you.

Looking for something else?

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

Community home