Forum Discussion

Nickisms's avatar
Nickisms
Contributing User
1 month ago
Solved

Payday Super when paying wages in advance

We are a small business using AccountRight desktop. We pay weekly, and the business closes down over the Christmas period till mid January. Wages are paid by the owner by programming the payment dates in the bank account. I do not process them through MYOB until we return in the new year. With nobody having access to MYOB during this time how will we handle the super payments? Will we have to start paying staff monthly? Is there another solution? Thanks

  • Genreve_S's avatar
    Genreve_S
    1 month ago

    Hi Nickisms,

     

    Yeah, totally get how processing it all at once is a difficult process-wise.

    What you’ve outlined is something you can do in AccountRight: set up the weekly pays in advance with the right future pay dates, send the STP reports, and run Pay Super over those pays, then keep paying staff from the bank on their usual weekly dates. For how that lines up with Payday Super rules for your business, it’s best to double‑check with your accountant or the ATO.

     

    And you’re not alone in wanting more control over the super payment date. Someone’s just popped this on the Ideas Exchange: https://community.myob.com/idea/myob-business-ideasexchange/payday-super---being-able-to-choose-date-of-payment/910892

    If that would help you, feel free to add a vote/comment so it’s on the product team’s radar.

     

    Regards,

    Genreve

     

4 Replies

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    1 month ago

    Hi Nickisms, 

     

    That shutdown time certainly will make the recording a bit different. Because no one can get into your software while you’re closed, the simple way to handle Payday Super is:

    • Before you shut the doors, do one pay in MYOB that covers the whole Christmas break (all the wages you’re paying in advance), and
    • At the same time, use Pay Super so the super for that pay is sent off together with it.

    That keeps you in line with Payday Super (super goes out when the wages do), without anyone needing to log in during the shutdown. If you wanted to stick with true weekly pays instead, you’d need someone who can log in remotely each week to do the pay and super.

     

    Regards,
    Genreve

  • Nickisms's avatar
    Nickisms
    Contributing User
    1 month ago

    Thanks Genreve.

    This would be extremely difficult for us due to cash flow. Most of our clients are on 30 days from EOM terms, so the funds to cover January wages would not be received until early January. Just wondering if the following scenario might be a possibility? Instead of doing your suggested combined pay could we process all weekly pays in advance, with the actual future payment dates. Send all reports to the ATO. Authorise and pay Super for all pays. Continue to transfer funds to staff on the actual future pay due date. That way Payday Super is paid in full, but the larger wage payments are paid as normal. Otherwise we might have to change to monthly pays.

    Regards Julie

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    1 month ago

    Hi Nickisms,

     

    Yeah, totally get how processing it all at once is a difficult process-wise.

    What you’ve outlined is something you can do in AccountRight: set up the weekly pays in advance with the right future pay dates, send the STP reports, and run Pay Super over those pays, then keep paying staff from the bank on their usual weekly dates. For how that lines up with Payday Super rules for your business, it’s best to double‑check with your accountant or the ATO.

     

    And you’re not alone in wanting more control over the super payment date. Someone’s just popped this on the Ideas Exchange: https://community.myob.com/idea/myob-business-ideasexchange/payday-super---being-able-to-choose-date-of-payment/910892

    If that would help you, feel free to add a vote/comment so it’s on the product team’s radar.

     

    Regards,

    Genreve

     

  • Nickisms's avatar
    Nickisms
    Contributing User
    1 month ago

    Hi Genreve

     

    Thanks for the link. I have added my vote and a comment. Hoping MYOB may find a way to make this happen at some point before Christmas. If not l will contact our accountant or ATO as you suggested.

     

    Regards Julie

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