jge's avatar
jge
Experienced Cover User
5 months ago
Status:
Open

Pay Super - ability to future date

With upcoming changes to Payday Super it would be extremely beneficial to be able to create a superannuation payment with a future date, authorise today and the payment is not taken out of the bank account until the future date.

I often do payroll in advance when going on leave.  With Payday super we need to pay super on the day of payroll.  The current Pay Super in MYOB means that although the Pay Super is for a date in advance, that is effectively ignored and the money comes out of the bank account on the date it is authorised.

This will put pressure on bookkeepers/payroll staff to have to either login on the payday to authorise super, or put cashflow pressure on businesses to pay super in advance of the payroll which seems illogical.

Payroll

21 Comments

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  • SharonSL's avatar
    SharonSL
    Trusted Cover User
    3 months ago

    Hi jge​ 

    You raise a very valid point!  I'm the same, I often prepare wages in advance when going on leave.  I'm the only staff member with access to confidential employee and remuneration details so there isn't anyone else to do it. This would be a very common situation for many businesses. I think this is partly a Govt problem, I don't think this is something that occurred to them when creating Pay Day Super.  I hope MYOB comes up with a way to handle this!

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    5 months ago
    Status changed:
    New
    to
    Open

    Hey jge

    Thanks for your idea! We'll be sharing this one with our product teams and have updated the status to open for other members of our community to vote and add weight to your idea.