Forum Discussion
12 Replies
- RobMcNeil1 year agoContributing User
For anyone who is trying to find a solution to this problem...
When setting up a SMSF in MYOB, MYOB backend uses a third party provider to verify the existence of the SMSF. This is why you get the error message when you first try to process a payment to a SMSF that is new to MYOB. MYOB backend will be showing as Initiated. While it has this status, you won't be able to process payments to that SMSF.
I was told you need to wait about 48 hours until the third party provider validates the SMSF and then you should be able to process payments to that SMSF.
Feedback for MYOB, the error message could be more helpful, i.e. "We need to verify your SMSF. Please wait 48 hours if you are processing payments to a SMSF that you have just created in MYOB".
Hopefully this will save someone the half a day I have spent trying to resolve this issue.
- Shella_A2 years agoMYOB Moderator
Hi KyleeB1,
Thanks for your response.
Thank you for providing the screenshot of the error message. For further checking, may we also ask for the complete SMSF fund details, their ABN number and USI. We will be waiting for your response.
Cheers,
Shella
- KyleeB12 years agoContributing User
the SMSF abn was on the screen shot, and SMSF do not have USI.
Thanks
Kylee
- Shella_A2 years agoMYOB Moderator
Hi KyleeB1,
Thanks for the response.
As per checking the SMSF status is complying under the ATO super fund look up which means it is active. The fund details may have become corrupt, can you please attempt to set up the SMSF fund again, once set up you will need to assign it to the employee card and process the superannuation.
You will get a warning about the name existing, just add a number or letter to the end of the name. Once this has been created, please go to the employee card file > Payroll details tab > Superannuation tab, assign the new Super Fund. You should then be able to process the super.
Please do let me know how you go.
Cheers,
Shella
- KyleeB12 years agoContributing User
I've done this and it still does not work.
- thedannorris2 years agoContributing User
Same here. Have tried the steps above to no avail. Any other ideas? Is there a way you can do super manually?
- chantal12 years agoExperienced User
Did you find a solution for this, as i am having the same issue?
- KyleeB12 years agoContributing User
no , i have no solution as yet. I'll post if i find one.
- Shella_A2 years agoMYOB Moderator
Hi KyleeB1,
Thanks for your patience with this.
We're sorry for the late response. We recommend contacting the SMSF fund directly as they may updated some details on their end so that we're aren't able to add them on our end. Do let us know how it goes after.
Cheers,
Shella - KyleeB12 years agoContributing User
with no other changes made on my end, when we submitted a few days ago, it worked, all super was paid.
- KyleeB12 years agoContributing User
i have no explanation as to why, but it worked fine when we ran the super payments this month.
- Shella_A2 years agoMYOB Moderator
Hi KyleeB1,
Thanks for the response.
We're glad to know that you're able to pay your employee super. Your patience is highly appreciated in this matter. Please be informed that we are now closing this thread. If you need further help, don't hesitate to start a new post and we'll be happy to assist.
Otherwise, if my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information.
Cheers,
Shella
Looking for something else?
Search the Community Forum for answers or find your topic and get the conversation started!
Find technical support and help for all MYOB products in our online help centre
Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.