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December - last edited December
When an employee receives additional employer superannuation contributions (a fixed amount each month) on top of the 9.5% and if it isn't deducted from his monthly salary but paid directly by the employer into his superannuation account (this is a separate superannuation account from the current employer superannuation plan)... How should I code it in MYOB Essentials?
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If you have paid a value to an employee's superannuation fund outside of MYOB Essentials and MYOB Super Portal, I would be creating a Spend Money transaction and setting that allocation account to be an expense account. You can then match that transaction to the associated bank transaction that does come in.
Note: MYOB Essentials doesn't directly allow for additional employee superannuation (above the 9.5%) to be reported on for PAYG Payment Summaries.
Thanks so much for your comment, Steven!
I will do that in MYOB Essentials now...