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When a pay run is split between two financial years and the super rate has changed does it use both rates?
Yes, the only way that there will be two different super rates for a single pay run is if a pay category's super rate has been overridden, admin380. I'll discuss this in detail.
The system calculates the superannuation based on the applicable rate for the portion of the pay period that falls within each financial year. Ensure that the superannuation settings are updated to reflect the new rates for accurate calculations.
To override the Pay Categories super rate please follow these steps:
For more information, kindly visit this article: Superannuation Guarantee changes in QuickBooks Online.
Additionally, you can conveniently pay employee super contributions directly to any registered super fund by utilizing the built-in integration with the Beam super fund clearing house.
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