Essentials Payroll and Payday Filing

[Miriam_OConnor]

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?

[Steven_M]

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.

[Miriam_OConnor]

So you think I should suggest changing payroll software?

[Steven_M · Accepted solution]

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.