Back paying super
We have just realised that we have "missed" a month of super payments since changing over from SBSCH to Payday super. So i need to pay our staff super from end of March to end of April. Is it best to just add the missed super amounts and pay it through this weeks payroll? Or would it better to run a seperate pay run just for that super? If that is even possible? And if its possible, could i have details on how to do that please? Thanks.
Pay Superannuation
I'm trying to process my first Pay Superannuation in advance of PayDay Super, however when I select all employees and then try to Record 6 of the 7 employees are showing a red X beside their name and I can not process the payment. I have crossed check individual's super funds with MYOB to that currently showing and used in the SBCH but cannot see any discrepancy! Is there a list of possible error messages/explanations that might give me an idea of what the problem is? Thanks
Pay Superannuation from incorrect bank account
I made a mistake when authorising the super payment: the default selection for 'Pay from account' is a closed credit card & I forgot to change it to the correct bank account. I can't see a way to cancel the transaction, or re-do the transaction from the correct account. As MYOB doesn't have authority to debit from the closed credit card, will this bounce back & I will then be able to process from the correct bank account?
Accounting for Student Internship Supervision Fees - Superannuation and PAYG Compliance
Hi Everyone, I operate a childcare centre, and we occasionally receive payments from universities for hosting student interns. We intend to pass the full amount of these payments to the specific teachers who act as supervisors for these students. I have a few questions regarding the correct way to process these payments in MYOB and remain compliant with ATO regulations: 1. Superannuation Guarantee (SG): If we treat this payment as part of the teacher’s salary/wages, we are concerned about the additional cost of Superannuation. If we pay the teacher the exact amount received from the university, the added 12% Super expense would result in a financial loss for the centre. o Is this payment considered Ordinary Time Earnings (OTE)? o Is there a compliant way to pass this on without the employer incurring extra Super costs (e.g., deducting the Super component from the total amount received before payment)? 2. PAYG Withholding: Does this payment require PAYG withholding? If we pass the full amount to the teacher through payroll, should it be taxed at their marginal rate, or can it be treated as a different type of allowance? 3. MYOB Setup: What is the best way to set up this "pass-through" payment in MYOB AccountRight? Should it be a specific Allowance category, and how should the Tax and Superannuation boxes be ticked to ensure the centre’s books balance to zero for this transaction? I want to make sure the teachers receive their fair share while ensuring the business does not end up out of pocket due to on-costs. Thanks in advance for your help!
Clearing House Error Code 4030 Fund not found
Clearing House Error: Error Code: 4030, Error Message: Fund 65127917725001 not found I have been sent an error message that the Super payment rejected because of the error message above. I searched the fund in https://superfundlookup.gov.au/. The fund exist and there is no restriction. Why has MYOB flagged this as an error?
Not accruing entitlements on new leave without pay wage item
I created a new wage item. Leave without Pay (LWOP) emp, that has not been used in the payroll at all yet. I created it so that we can record on the staffs payroll how many hours they had LWOP. However I don't want leave entitlements to accrue on this new wage item. When I say exempt on leave accrual it comes up with an error code and won't exclude this new wage item. How do I get this to link Attached is a summary of what I'm meaning