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.