Forum Discussion

slf23's avatar
slf23
Experienced Cover User
1 month ago

Payday Super processing payments

I have Pay Super setup and have been using this for a number of years.  I pay Super monthly, so at the end of each month, I go into Pay Superannuation on the Payroll Screen and make the payments.  Am I right in assuming the the process will be exactly the same but instead of being on a monthly basis it will be weekly as I process the payroll?.  And am I right in assuming that there is nothing further we need to do to be PayDay Super ready?  Many thanks

 

1 Reply

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    1 month ago

    Hi slf23,

     

    You’ve absolutely smashed it!

     

    Since you’re already using Pay Super, you’re all set. The only real change is the timing, instead of doing one super payment at the end of the month, you’ll process the super each time you run payroll (weekly, in your case), alongside wages. If you’d like a bit more detail, this guide steps through what Payday Super is and when super needs to be paid.

     

    Cheers,

    Princess

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