jge's avatar
jge
Experienced Cover User
6 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

25 Comments

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

    LloydLloyd​ thanks for clarifying. I did research on this a while ago and found information online saying Xero did allow this.  I emailed this to our accountant and he confirmed it. Now when I search it clearly says no.  Weird.  Sorry for the incorrect information.

  • BJ3's avatar
    BJ3
    Experienced User
    1 month ago

    Used to be able to do this in the past with the clearing house.  It would be handy when you submit super a bit late one night and you know it won't process in time you could just forward date it to the next day.

  • BJ3's avatar
    BJ3
    Experienced User
    1 month ago

    Yah we need to be able to forward date a super payment.

    Yesterday's super payment was processed at 4:10pm.  It is dated 16/07 but has not deducted from our account.  It will process today (17/07) and cause a discrepancy with the bank rec.

    I did a test a few weeks ago and dated the super payment the day after but this time it immediately deducted but the super payment date was the day after.  This was also processed after 4pm so can't win.  Leave the date as is and it processed the day after, change it to the day after and it processes on the current day.

    In the past you were able to have the super date as whatever date you wanted and it wouldn't process until that date.  I say go back to this.

  • sp427's avatar
    sp427
    Member
    18 days ago

    AmandaMYOB​  -- Hi Amanda, has there been an update in the last 5 months since your response? Thanks