MYOB Payroll now seemlessly (magically) sends a .txt file through to MYOB Accounting/Plus/Premier every time you finalise a pay.  Integrating takes a bit of painstaking work to get right but REALLY WORTH THE EFFORT!

Integration saves a lot of manual entering and both accounting and payroll agree for evermore (assuming you actually pay people exactly what Payroll calculates).

If your not confident, get some help to set up integration from an MYOB Certified Consultant who has plenty of experience. The trick is linking Pay codes and/or cost centres to the correct general ledger accounts.

Having set up the linking, TEST to see that the journal is giving you the desired result. If not then go back to Payroll and do some more tweeking. I do it by creating a test pay for one person with all the deductions and allowances available (including having an employee who is a KiwiSaver member). Take a backup to the desktop BEFORE you finalise the pay, then check the journal in MYOB Accounting. You can restore your payroll and then delete the journal entry in accounting once testing is complete.

At this point of time, MYOB’s support note is incorrect so do not follow it. I’ve alerted them to the fact and hopefully this will be rectified soon.

PS Where does the KiwiSaver Employer Contribution of 2% go? It codes to your usual 6-XXXX Wages  & Salaries account but the amounts are obvious so you can journal the amounts to 6-XXXX Superannuation at a later date.

Happy integration!

Lynley

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4. MYOB Payroll May09 release (2009.2)