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deb6's avatar
deb6
Contributing User
3 months ago
Solved

recording wages paid & payg

My main MYOB software was purchased outright (i.e not online or on subscription). As it does not have payroll features, I have purchased, on subscription, MYOB Payroll  to conform with Single touch payroll requirements for the  ATO.  My question is this: After I  have completed the weekly pay run in the Payroll software I then need to enter the Wages amounts, any PAYG tax & Supernnuation amounts into my main  MYOB software.  How do I do this, is it done as a Journal entry or....?

  • Hi deb6,

     

    Thank you for the post. We'd recommend speaking to your accountant as you'll need to record journal entries to record those amounts in AccountRight. You can refer to this post Recording monthly wages paid - MYOB Community.

     

     

    Have a great day!

     

    Kind regards,

    Sai

3 Replies

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator

    Hi deb6,

    Thanks for your post. I'd like to clarify where you entered the figures. If it's in MYOB, there's no need to do so again. We recommend processing the payment directly in your payroll software. This means you don't need to enter it in multiple places. Please see this help article for more information: Setting up Single Touch Payroll reporting

     

    Feel free to post again, we're happy to help!

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

    Regards,
    Earl

    • deb6's avatar
      deb6
      Contributing User

      thanks for your response. My MYOB Payroll & MYOB Accountright are two separate software. They are not connected.     I purchased Accountright many years ago, I purchased it outright (it is not on subscription) , it is very basic & does not have payroll features.  Now that I have staff, I have a subscription for Payroll only, It is not connected, it is  separate software.

      When I create the payrun in MYOB payroll & pay my staff, this information has to be manually entered into Accountright to record the wages expense, superannuation payable & PAYG withholding amounts)

      I am not sure how to do this, is it done as a Spend Money transaction (allocated to Wages & Salaries expense account) or do I do a Journal entry?

      thanks for your assistance

      • Isaiah_C's avatar
        Isaiah_C
        MYOB Moderator

        Hi deb6,

         

        Thank you for the post. We'd recommend speaking to your accountant as you'll need to record journal entries to record those amounts in AccountRight. You can refer to this post Recording monthly wages paid - MYOB Community.

         

         

        Have a great day!

         

        Kind regards,

        Sai