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Essentials Payroll and Payday Filing

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Experienced Partner Miriam_OConnor
61 Posts
Experienced Partner
New Zealand
Miriam_OConnor
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Essentials Payroll and Payday Filing

I have a client who pays their staff twice a month. Currently they process a monthly pay in Essentials but physically pays it in two hits. They use a payroll clearing account and a journal to handle the bank rec transactions.

My question is this - with compulsory payday filing just around the corner, my client will be obliged to file information about the two payments separately. Is MYOB planning to add a twice-monthly (or should we call it half-monthly) pay frequency, or will my client need to move to other payroll software so as to remain fully compliant?

Miriam O'Connor
BCom, CA, MYOB Certified Consultant
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MYOB Moderator Steven_M
30,551 Posts
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New Zealand
Steven_M
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Re: Essentials Payroll and Payday Filing

Hi @Miriam_OConnor

 

To my knowledge, we don't have any immediate plans to introduce a half monthly/semi-monthly pay frequency to MYOB Essentials (NZ) in the coming future. Currently, the pay frequencies that can be used in MYOB Essentials are Weekly, Fortnightly, Four weekly or Monthly.

Kind regards,
Steven

MYOB Community Support

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Experienced Partner Miriam_OConnor
61 Posts
Experienced Partner
New Zealand
Miriam_OConnor
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Re: Essentials Payroll and Payday Filing

So you think I should suggest changing payroll software?

Miriam O'Connor
BCom, CA, MYOB Certified Consultant
MYOB Moderator Steven_M
30,551 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

30551Posts

3789Kudos

4456Solutions

Accepted Solution Solved Solution

Re: Essentials Payroll and Payday Filing

Hi @Miriam_OConnor

 

As mentioned, MYOB Essentials currently doesn't offer half-monthly frequencies due to its simple nature.


If you are looking for a payroll product that does offer that; Ace Payroll, IMS and PayGobal do all offer half monthly/Bi-monthly payroll frequencies.

Kind regards,
Steven

MYOB Community Support

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