Super simple super payments

MYOB Moderator
230 Posts
MYOB Moderator
MYOB Moderator

230Posts

103Kudos

0Solutions

If you have employees, then you’ll have just dealt with paying super for the quarter. You know the routine:

  • print reports to calculate the amount of super you’ve accrued for each employee,
  • fill in the Superfund Contribution Report to send or upload to each super fund,
  • write out cheques or transfer internet banking transfers to each super

Seriously, there needs to be an easier way. The good news is there is.

 

SuperStream – streamlining superannuation payments

SuperStream is the ATO’s program to simplify reporting on and paying superannuation for your employees by mandating electronic payments and reporting. A key benefit of SuperStream for employers is that you can use a single channel when dealing with super funds, rather than having to manage all of them separately – saving time, and even money (depending how you currently make payments).

 

If you have 20 or more employees, you need to comply with SuperStream by 30 June this year. Which means you need to have selected and implemented an electronic payment and reporting process that is certified by the ATO as being SuperStream compliant.

 

The great news is you can make your electronic super payments and fund reports straight from AccountRight. Plus, AccountRight’s “pay superannuation” feature in the payroll console, has been cross-certified by the ATO, so you know come 30 June, you’ll be SuperStream compliant.

 

How does it work?

Watch this short video to learn all about how you can benefit from using AccountRight to pay and report superannuation contributions.

 

 

Start saving time now with super simple super payments

 

Don’t wait until the last minute to be compliant. Thousands of employers are already paying super from AccountRight, and reducing the amount of time they spend managing super.

 

“I am saving 1-2 hours a month, I just click a button… You can’t make a mistake.”
Ali Cinanni, High Wycombe Tavern

 

Get started now, by clicking Pay Super in your software and signing up. There’s nothing else to pay, it’s included in your AccountRight subscription.

7 Comments
Contributing Cover User
9 Posts
Contributing Cover User

Just confirming that Pay Super with MYOB is in fact the process for the Super Clearing House process.  Or is it just the first step?

Contributing Cover User
9 Posts
Contributing Cover User

Actually just realising that 7 out of the 9 Super funds we pay to for our employees is not available with your system.  Right now it is a waste of time signing up for "Pay Superannuation".  Will this get any better?

MYOB Moderator
230 Posts
MYOB Moderator

Hi @UnityAccounts,

 

Pay Super in AccountRight is the entire electronic super payment and reporting process from your software.

 

(So basically a clearing house process without needing to send anything to a clearing house or logging into a separate portal).

 

Hope that helps. 

 

M

MYOB Moderator
230 Posts
MYOB Moderator

Oops @UnityAccounts, I jumped the gun replying.

 

Pay Super currently pays all APRA funds and the 2015.2 release allows you to pay SMSFs as well.

 

What funds do you need to pay to that aren't included?

 

 

Contributing Cover User
9 Posts
Contributing Cover User

I think we are all good - too late on Friday.  I misread the list of Super funds.

 

Thanks - have a good weekend!!

1 Post
Cover User

Hi, I'm just noting that the sign-up email I've received refers to our first quarterly contribution, but at the moment we pay superannuation monthly.  Will that option be availiable to me for July payments?

 

Thanks.

Former Staff
4,461 Posts
Former Staff

Hi there @stephb,

 

We do apologize for the delay in getting back to you.

 

Pay Super does not place restrictions on the frequency of your super payments. You can simply enter in the date range appropriate to your company in the Pay Superannuation window, and process the payment.

 

Cheers,

 

Tallie