Forgot to change superannuation

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
JennyPTA
Trusted Cover User
69 Posts
Trusted Cover User
Australia
Trusted Cover User

69Posts

5Kudos

2Solutions

Solved: Go to Solution

Forgot to change superannuation

I just processed pays not realising that I had to change the superannuation rate manually. I have changed it now, but what do I do for the pays I did earlier today? Do I reverse them and redo them?

2 REPLIES 2
Tracey_H
12,172 Posts
Former Staff
Former Staff

12,172Posts

0Kudos

1,836Solutions

Accepted Solution Solved

Re: Forgot to change superannuation

HI @JennyPTA 

 

Thanks for your post. Super is calculated on a monthly basis like this: 

The amount of pay for the month MULTIPLIED by the current super rate MINUS super already calculated for that month.

 

So when you process the next pay run the software will make the required calculation adjustment to make sure super is calculated at 10% for the month of July. You don't need to do anything.

 

Please let me know if you need further help.

 

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

Cheers,
Tracey
Previously @bungy15

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

JennyPTA
Trusted Cover User
69 Posts
Trusted Cover User
Australia
Trusted Cover User

69Posts

5Kudos

2Solutions

Re: Forgot to change superannuation

Many thanks Tracey! Happy me!

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post