Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
December 2019
December 2019
We have just started using MYOB for wages. We have al the correct tax tables loaded and employee cards are correctly setup.
I have never experienced this before with regards to PAYG. When calulating the PAYG for the wages it appears to be out by a few cents eg If no PAYG is payable it will show that $0.07is being deducted.
MYOB wont allow me to override this.
Can you advise how to amended as staff have PAYG incorrect and I would like to fix before June 2020.
I have attached a screen shot to show what I am meaning.
Solved! Go to Solution.
December 2019
December 2019
Hi @Misha70
The 0.07cents PAYG value is coming from the fact that under Setup>>General Payroll Information you have Round Net Pay Down to 00 cents.
In short, in order to get that 0.00 value, the system will add the residual cents to the PAYG value (as the ATO don't care about cents). So, in your case, the Net Pay is actually $464.07 but it has been set to have that rounded down thus 0.07cents is placed into PAYG making the Net Pay would be $464.00.
January 2020
January 2020