Pay items: Allow for change in linked account
Please refer to my link. Salary Sacrifice and RESC In the payroll employee set up users will require the standard superannuation payroll categories in the payroll set (Same as default options in AccountRight 2014.2) and for the same to be reported correctly on the payment summaries. Can I suggest ifadding a deduction, allowance or commission the user should be given the option of what G/L account it should be posted? I have created my own work around for this however I am not confident it is robust and if it reports on the Payment Summaries correctly? Please review prior to end of payroll year if it is not already on the list to be fixed. Regards BooksInTheCloud "Superannuation set up in employee cards"
Pay Superannuation: Automatically email superannuation advice reports
At present emailing superannuation advice to employees is awkward. It would be nice to be able to automatically email superannuation advice to employees in the same easy way that payroll advices can be emailed. Legally we are obliged to provide employees with superannuation advice . Making emailing of such advice statements make the process a lot easier . "Improved emailing of superannuation advice reports"
MYOB is holding our Super payments to earn interest
I initiated a Super payment via MYOB PaySuper on the 21st of June. This was my final super payment before the end of the financial year. The money was deducted from my account on 24th June itself, but can you believe I still have not received it in my Super fund, meaning it won't be counted as part of this financial year? Even though MYOB says that it can take 10 business days for Super payment to be completed, I don't understand why it takes so long even after the money is deducted from my account. I tried to dig into their policies and found that MYOB holds your super money just so that they can earn interest on it. I couldn't believe that I had been paying a subscription to a company which has such bad ethics. Imagine loosing on your tax savings for the year just because MYOB decided to hold your money for earning interests. Below is the exact text from MYOB pay super guide. You can access the page here: https://www.myob.com/au/legal/myob-pay-super-guide SuperChoice receives transaction fees that are calculated on a per employee contribution basis from MYOB and PayClear receives interest on the superannuation contributions transferred using MYOB Pay Super. The funds are held in an account pending disbursement of contributions to the relevant superannuation funds. The interest that PayClear receives at the date of this FSG is 3.10% per annum. This rate will fluctuate upwards and downwards according to fluctuations in interest rates. Shame on MYOB
