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payg rates incorrect in MYOB essentials

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Contributing Cover User ppearson
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Australia
ppearson
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payg rates incorrect in MYOB essentials

I am in the process of converting a client from Xero into MYOB essentials.

To start I am moving over all payroll information so I am able to start doing the payrun in MYOB as of next week.

I have set up employees and ticked Tax-Free Theshold TAB, however when I go to run a payrun the PAYG calculated is neither that of with tax-free threshold or no tax-free threshold as per ATO tables.

Example.

Weekly Wage $1,440 MYOB Essentials is calculating $468

ATO Tax Table is $335 (with tax-free) or $461 (without tax-free)

How do we fix this problem??

Please dont tell me I am going to have to manually adjust each week?

3 REPLIES
Ultimate Partner IanChait
673 Posts
Ultimate Partner
Australia
IanChait
Ultimate Partner

673Posts

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Re: payg rates incorrect in MYOB essentials

Hi @ppearson

 

Must be something in your setup, because when I test it on a file, I get $335 with the Tax Free threshhold.

 

Have you got something else selected such as HECS?

 

 

 

Regards
Ian Chait CA
Certified Consultant Melbourne
P/M 0417 479 585
Email ian@myfc.com.au

Contributing Cover User ppearson
7 Posts
Contributing Cover User
Australia
ppearson
Contributing Cover User

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Re: payg rates incorrect in MYOB essentials

Hi Ian, 

 

Thanks for your reply.

 

 

I forget to tick Aust Resident for tax purposes - silly me!

 

Thanking You!!

Experienced Cover User vt12
32 Posts
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Australia
vt12
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Re: payg rates incorrect in MYOB essentials

Why would you change a client from Xero to MYOB Essentials - bad move.

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