How do I calculate superannuation on annual leave loading?

To calculate the minimum superannuation percentage rate for pay runs in QuickBooks, you'll need to enable the Automatically update super rates feature.

Here's how to do that:

1. Navigate to Payroll, then select Payroll Settings.
2. Click on Details.
3. Check the box next to Automatically update super rates.

Please note, if the super value in the Super Field is set to 0% or differs from the applicable super rate for the current financial year (FY), QuickBooks will not update the super rate for that category. To verify the super rate for each pay category, follow these steps:

1. Go to Payroll, then select Payroll Settings.
2. Click on Pay Categories.
3. Choose the specific pay category to view more details. Each pay category includes a Super Rate field.

For more information, you can refer to this article: Superannuation Guarantee changes in QuickBooks Online.

Additionally, you can create, view, and run reports using Beam in QuickBooks Online to effectively manage your Super Payments.

If you have any further questions about managing your QuickBooks Online account, please let us know. We're here to assist you every step of the way!