With payday super happening every pay cycle (weekly) should we create our super liability cheques each week as well. We have over 20 individual funds so it can be a bit time consuming.
I only write one cheque to the clearing house
Hi Kris, so do you only have 1 super item set up for the company rather than individual super funds?
I know that some trainers recommend this and by pass the payroll liability function altogether.
since these changes I have had to make individual super funds, but they all go to the super liabilities account, so 1 cheque to whatever name you wish (I have always just used a supplier called Superannuation, and there is normally only 1 payment made to the clearing house
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