lisadgs
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Re: Clear out super payments
Hi Carmen, Thanks very much for the update. I am sorry to hear that Business Pro does not allow for that. As I was typing my reply out, I did wonder if it was not going to work for Business Pro, as per Jessica's original comment, but I was half there so decided to continue in case it helped somebody out :) I very much appreciate your reply to let me/others know. Merry Christmas62Views0likes0CommentsRe: Clear out super payments
Hi jessicahammat and carmengordon, I think I have found a work-around. Please find it listed below. Reports > Accounts > General Ledger [Summary] - save a copy of this report to reference the true balances of your Superannuation Liability account and Suspense Account as per steps coming up to ensure all figures go back to the expected. I dated mine from the current financial year start, to current day and chose for all accounts. Payroll > Pay Liabilities > Liability Type - Superannuation > Dated FROM: as far back as you can. Dated TO: DO NOT include any dates that you plan to pay using MYOB's Pay Superannuation function. So do not date to current day for example. Keep in mind that how far back you can go will be dependent on what year you have rolled over etc. Choose the select all tick, which is likely to result in a fairly large amount. Note this amount down. Pay from Account - it would be my suggestion to use a cash drawer/suspense account for this transaction. The reason for this, is that all these payments have previously been paid via SBSCH via the ATO and will have already been reconciled in your bank account. We are simply tricking the system into clearing these out of the "Pay Superannuation" section. We are going to reverse this entry in the next step Enter a logical Memo I annotated as - Clear Pay Superannuation as paid via SBSCH Record the above "Pay Liability" as today's date If you have a LOT of data, which I did, you might find the application times out. I decided to do it FY by FY which took more time, but allowed the system not to time out If doing FY by FY, be sure to check that the Pay From Account and Annotation is correctly chosen each time All these FY amounts will still add to your previously noted down TOTAL amount Then you will need to complete a Journal Entry to reverse these out. Mine was DR Cash Drawer and CR Superannuation Liability account I then re-ran the General Ledger [Summary] and saved these with the financials in case any future questions arise from this action I hope this helps.27Views0likes2CommentsRe: Self Managed Super Fund (SMSF) setup help
Thank you Julie_A_C for taking the time to reply. I should mention that we are not using MYOB to pay super, we use the ATO SBSCH. Unfortunately when we created the new Super fund via Lists > Superannuation Funds, it only allows us to add the following; * Name * Registered Name (from a pull down list pre-populated) * SPIN/USI is greyed out * Fund ABN * Employer Membership No And then there is a little hyperlink that can be chosen to "Add fund contact details" which opens up Phone # and Website Thank you346Views0likes1CommentSelf Managed Super Fund (SMSF) setup help
I need to setup two employees with self managed super funds (SMSF). The notes from MYOB on this does not help as some of the fields they refer to are not available. Looking forward to some assistance if available? Thank you in advance. Link that did not have the same fields. I.e. Type or ESA are not available in my file. https://help.myob.com/wiki/display/ar/Set+up+superannuation+funds?searchfacet=support:help&searchterm=self%20managed%20super%20fund#expand-Toaddaselfmanagedsuperfund447Views0likes4CommentsRe: Update -Improved Security- 2FA changes
This update is not an improvement. I would highly recommend that you revert to the previous iteration because this, in effect, provides no security on a regularly used device. I am no security/cyber expert, but I am also not stupid. This is not an acceptable solution.1KViews5likes0Comments