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leighk20's avatar
leighk20
Contributing User
2 years ago

PaySuper Weekly

Hi All, any reason why someone couldn't process PaySuper and pay the amounts when payroll is processed, so weekly or fortnightly, instead of completing every quarter? It won't be turned away by the super fund, etc? 

Thanks

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  • Julie_A_C's avatar
    Julie_A_C
    Partner
    2 years ago

    Hi leighk20 

     

    The super fund will accept it.

     

    A few of my clients prefer to do monthly rather than quarterly and for one client I have to sometimes break it down into fortnightly to go with our cash flow and make it more manageable.

     

    As long as you record the period it is covering correctly there will be no problem.

     

  • Julie_A_C's avatar
    Julie_A_C
    Partner
    2 years ago

    Hi leighk20 

     

    Further to my previous reply, you may also wish to consider what another of my clients does, and each week we transfer the PAYGW and superannuation for that week to another bank account, so it is put away and not spent.

     

    We earn interest on the money in that account until such time as we need to meet the cut-off deadline.

     

    Liability provided for and we are at least earning something for it, rather than sending off early.

     

     

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