jge's avatar
jge
Experienced Cover User
8 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

33 Comments

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  • Qiu's avatar
    Qiu
    Experienced User
    27 days ago

    Could anyone from MYOB please provide an update on this issue?

    With the Christmas holidays approaching, we need to have this resolved before the Christmas shutdown. This is a critical function, and we need to understand how we can manage superannuation payments during the business closure if this issue remains unresolved.

    So disappointed that no one in myob even think this is an essential function and take action after so many complains

  • BJ3's avatar
    BJ3
    Experienced User
    27 days ago

    Yah we close for a month.  Looks like 4x super payments are happening on the last day before we wrap things up even though wages will be future scheduled.

  • C-E's avatar
    C-E
    Trusted Cover User
    26 days ago

    Might be an idea to check your default super fund clearing house. I think we will use this for the annual shut down period and revert back to MYOB when we are here. 

    We use CBUS. They allow future dated and then can set up in the banking system as future on the payroll date Just lodge them all in there prior to going on leave and set to pay on the days 

    MYOB really need to get onto this as many places have annual Christmas closures. But I don't think any other payroll systems have it either.