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 date...
  • 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

     

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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