Integrate MYOB Payroll to MYOB AccountRight

MYOB Payroll seamlessly creates and sends a .txt file through to MYOB AccountRight every time you finalise a pay.  Integrating takes a bit of painstaking work to get right but is really worth the effort.

Integration saves a lot of manual entering and both accounting and payroll agree for evermore. It is much easier to balance your PAYE account if you do this and should always reconcile.

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.

PS Where does the KiwiSaver Employer Contribution of 3% 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 later.

 

    Lynley Averis

    Lynley is an MYOB Certified Consultant & has been involved in training in New Zealand since 1985. She's written various accounting & MYOB workbooks including co-authoring “Bookkeeping for Dummies”. She has consulted on all versions of MYOB Accounting, Retail and Payroll over the past 18 years and has previously worked for MYOB.She currently consults to NZ businesses on all aspects of business systems - her mission for clients is for them to spend as little time as possible doing accounting.

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