BankingBanking is the first tab on the Payroll settings page. Here you can choose a bank account for paying wages, pay employees using bank files, and choose settings for paying superannuation.
Bank account for paying wagesChoose the bank account you’ll be paying employee wages from. Payroll transactions (like employee wage payments) will be automatically matched to transactions on this account. If you need to, you can create a new bank account. See Accounts List. PayAgent (New Zealand only)If your business is in New Zealand, PayAgent can help take the hassle out of compliance by taking care of paying employee wages, PAYE deductions and IRD reporting. This means less paperwork and time spent on compliance, and more time put back into your business. And best of all - it's free! Simply click Register for PayAgent to get started. For more information, see How does PayAgent work? Pay employees using bank filesIf you're in Australia, or if you bank with ASB in New Zealand, you can download a bank file that you can use to pay your employees electronically. Choose the Pay employees using bank files option, then enter your bank details and any information you want to appear on bank statements. Before you can include an employee's pay in the bank file, you'll need to enter some banking details. See Paying employees electronically. Once you've done this, each time you pay employees whose bank details you've entered, you'll be able to download the bank file for that pay run. Pay superannuation settingsChoose the bank account you'll be paying super from. You'll use this bank account to pay super through MYOB's super portal. Save your account settings by clicking Save settings when you're finished. |