Additional Super paid outside of Super Portal

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K_J_B
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K_J_B
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Additional Super paid outside of Super Portal

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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MYOB Moderator Steven_M
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Steven_M
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Re: Additional Super paid outside of Super Portal

Hi @K_J_B

 

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.

Kind regards,
Steven

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K_J_B
3 Posts
Cover User
Australia
K_J_B
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3Posts

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Re: Additional Super paid outside of Super Portal

Thanks so much for your comment, Steven!

I will do that in MYOB Essentials now... 

Thanks again!

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