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MYOB – Paying to a Self-Managed Super Fund with MYOB and with M-Powered

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MYOB – Paying to a Self-Managed Super Fund with MYOB and with M-Powered

MYOB – Paying to a Self-Managed Super Fund with MYOB and with M-Powered

Do you have an employee who has a Self-Managed Super Fund (SMSF)? You set up the super fund as usual in the Superannuation part of the Payroll Categories to be applied to the employee card file (tick the category). Create a card for the SMSF as a supplier and enter the bank details in the Banking Payments Tab, then use Spend Money to enter the payments from your specific bank account. Then use the Electronic Payments to send the payment to your bank with all other payments, or login to your online banking and make the payment manually.

M-Powered will allow payments to all the major super funds, but SMSF cannot be paid by M-Powered. You can also get more information about Liabilities section see this support note: http://myobaustralia.custhelp.com/app/answers/detail/a_id/9474

Get a FREE 30 min answer to your query, and FREE ongoing email or phone support – no-one offers as much! Call and you also get FREE “Avoid these GST mistakes” – there’s 18 that the Tax Office see regularly – get them right! Email info@accountkeepingplus.com.au or call 0407 361 596 Australia

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Author: accountkeepingplus

Administration, bookkeeping and compliance for small business, and Self-Managed Super Funds (SMSF) Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, Free support MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

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