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SETTING UP LINKED PAYROLL ACCOUNTS

Home > Money With Melanie > Superannuation

24 / May / 2007

Linked Payroll Accounts are used when a paycheque is processed to allocate the various parts of the transaction.

To setup the Payroll Linked Accounts:

  1. From the Setup menu select Linked Accounts
  2. Select Payroll Accounts
  3. Choose the appropriate Bank Account for each method of wages payments
  4. Enter a Default Employer Expense Account – usually the Superannuation Expense account
  5. Enter a Default Wages Expense Account
  6. Enter a Default Tax/Deductions Payable Account – usually the PAYG Withholding Payable Liability account

For further assistance: Contact Melanie Jenkins
Download this MYOB Help Sheet with accompanying images to assist you with each step below…

SETTING UP LINKED PAYROLL ACCOUNTS

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