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MYOB – Paying Superannuation for Employees – What reports to use
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Published on Wednesday, 28 August 2019 17:53
Our Client - called us asking what are the best reports to use for paying the super last month?
Answer - is to look in the Super folder when we did the super last month, and here are the reports we use:
1. Superannuation Employee Advice Detail (or Summary) – is good as it allows you to see each pay weeks/periods and the total super per employee;
2. Payroll Activity Summary – dated for the last month 1st to 31st, as long as no deductions are being used, the Expenses column at the Right is all Super, per staff member and should match the employee totals in the Super Employee Advice Detail report above – and will also give the TOTAL super for all staff, so you can reconcile to the total in the online data you enter in your SuperStream super fund portal;
3. Paying – The superannuation should all match, print the contribution once it reconciles, for proof, and finish as per method of your chosen portal. MYOB Superannuation is a great method FREE with a Subscription, that takes less than 10 min or so to pay the super for 30 staff for one client we assist. And the ATO Small Business Super Clearing House is great for up to 19 employees – login, fill in the amounts, get a Bpay or EFT detail to confirm and print, and pay from your banking online (Google to find it – bit easier than the ATO website search).
What are your thoughts? Call for FREE 30min advice / strategy session today! 0407 361 596 Aust
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