super liability on Balance Sheet

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joebit1
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super liability on Balance Sheet

I have just started using the pay super facility in MYOB. Why does the liabilty still appear on the balance sheet after the payment has been made??
In the past i just made the payment from my bank account and posted against the superannuation liability on the balance sheet clearing the super debt once payment is made.

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GDay53
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Re: super liability on Balance Sheet

@joebit1 

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

Open up the Find Transaction window for your Superannuation payable Liability account, and you should be able to see the allocation of the super and the payment of the super.

Also remember that even after you have paid the super, there could still be amounts in the super account that are for pays of a newer date than those paid. For example if you have paid September Super and are looking at the account now in November there should also be all the super amounts allocated in October nad early November in the account.

super Super G'Tee payment.PNG

 

If you can't see the payments showing then something in the Pay Superannuation setup must be wrong.

Start by checking the linked accounts are all correct.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
MYOB Certified Consultant
MYOB Diamond Partner
joebit1
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Re: super liability on Balance Sheet

Thanks for the expaination and yes i found the payment in the liabilities account. I wasn't looking at the date the payment was made. I used to previously back date the payment in my books so the balance showed nil after each months super payment

 

regards

Joe

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