Payday Super
We currently pay super monthly, and pay wages to staff either monthly or fortnightly. I've set up Pay Super, and just lodged my first monthly super payment though it today. I would like to start us...
Forum Discussion
Thanks Sai, so just to clarify one more time, if we are already using pay super in MYOB, nothing changes with the new requirements, except how often we have to do the process? We need to update our procedures so that when a pay run takes place the staff member also does the pay super process? Sorry to repeat myself, but there has been such a fuss made about this coming in, I want to make sure I am not missing something.
Hi SB2084,
No worries, it's good to make sure you completely understand the update. To answer your question, yes, for you, Payday Super will mean using the same Pay Super process more often:
- Do your pay run as normal (fortnightly or monthly).
- Right after you pay wages, go into Pay Super and submit the super for that pay run instead of waiting to do it monthly.
So you’re not changing any processes in AccountRight, you’re just lining up your Pay Super payments with each pay run, so you’re ready for the Payday Super rules.
If you want more detail, this guide has a good overview of what’s changing:
https://www.myob.com/au/resources/guides/payroll/payday-super
Regards,
Genreve
