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MYOB – How to set up child support in MYOB payroll

images/Client phoned.jpgClient called – asked how to set up and deduct child support in MYOB (Account Right) payroll for a staff member.
Answer we will need to set up a new Payroll Category, (as there is none by default), create a new liability account to track child support, set the amount requested, tick on the category for the staff member, check it deducts correctly in a pay run, then later when paying the child support as employer, allocate back to the new liability account..
Here’s how –
1.     Go to Payroll Command Centre > Payroll Category > Deductions Tab > New… OR… Cards Command Centre > Cards List > Employee tab > open employee required > Payroll Details > Deductions > Create New Payroll Category (or from the Actions icon, down below in earlier V19 etc).

images/MYOB Child support 1.JPG
2.     Set up with name (add employee name as it is usually unique for them, and different for another who may also have Child Support obligations), allocate to a NEW Liability account you create, set the calculation to % or $ set amount.

images/MYOB Child support 2.JPG
3.     OK to save, then ensure this is now ticked on for that employee back in Deductions in his card (or click the Employee icon at the top and tick the employee it relates to) > OK to close card.
4.     Start a sample pay run and ensure the calculation works.

images/MYOB Child support 3 .JPG
5.     It should be 4% of the gross salary in our example - $769.23 x 0.04 = $30.769 – correct.
6.     Later, WHEN Paying Support to the agency – allocate back to the new Child Support Liability account, to offset what is due.

images/MYOB Child support 4.JPG

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Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
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