Superannuation Guarantee increase
Hello I have just found this information from this link and I am querying it. https://help.myob.com/wiki/display/ar/Changing+the+superannuation+guarantee+rate#expand-WhatifIneedtorecordapayinthepreviouspayrollyearafterupdatingmysuperrate If you're processing a pay that includes dates in June and July, the applicable super guarantee rate is based on the Payment Date. For example: If the payment date is June 30 or earlier, the super guarantee rate for that pay should be 9.5%. If the payment date is July 1 or later, the super guarantee rate for that pay should be 10%. ................ Our last pay run for the financial year ends on 30th June 2021, but pay day for that period is 1st July 2021. We were on the understanding that 9.5% SG would still apply to that pay cycle but that is not what you have advised as able. Couuld you please confrm. RegardsSolved1KViews0likes4Comments
Super Guarantee not calculating properly under new payroll category
Good morning I have been asked to split some employees time between two COS accounts.This has involved setting up new COS wages accounts and moving them from the traditional expenses account. I have set up the wages accounts accordingly, and also Super Guarantee. What I have found is that one of the super guarantee accounts accurately reflect the super for it's related wages category, but the other SG account is not calculating at all. I have uploaded screenshots of the relevant cost of sales categories and a dummy wages payment so you can see what is going on. Any help appreciatedSolved724Views0likes2Comments