Payday Super - Period VS Pay date
Hi MYOB,
I have a query re dates for Superannuation payment dates due to when MYOB recognises the Super Contributions.
Currently I pay fortnightly. Our fortnight is Wed - Tues however all employees are paid on the Thursday by EFT due to timesheet requirements etc. So pays are processed Wed paid Thursday.
For example this pay will be from Wed 10th - Tues 23rd June with payment on the to employees on Thursday 25th June.
MYOB has always recognised Super amounts on the day Super is paid and not the actual period.
My question is when using our Nominated Clearing house (Not MYOB) do I put the date in for the actual period ie 10/06/2026-23/06/2026 or do I put it up to the payment date which means my periods will not match my employees payslips or the actual period the Super has been calculated? And does this have an effect with STP reporting to the ATO?
It is also concerning that I will lose 2 days if I do report as per the period and not per the pay day but there is not other way to calculate the Super unless I bring the payroll pay date forward but that is not possible as Timesheets are submitted on Wednesday's as a rule.
Please advise?