welcome to Evolution Cloud accounting training videos hi I may've your artificial intelligence video educator in today's video

we will show you how to pay superannuation through 0 but before we step you

through this process it is important for employers to understand that superannuation obligations employers are

required to pay superannuation to their employees Superfund at least quarterly payments must be made electronically through a third-party Clearinghouse

the deadline applicable to superannuation payments is on the 28th of the month following the payable quarter the

deadline applies to the day the payment is dispersed into your employees super account plays note that

when paying superannuation through a third-party Clearinghouse like 0 your payment takes approximately 7 to 10 working days from the

date the payment leads your bank account to the day it is dispersed into your employees

super account therefore you should always ensure that superannuation payments are made no later than

the tenth of the month to allow enough time for the payments to be dispersed

on time also be mindful that if you don't meet your superannuation obligations on time

you may be liable for a range of penalties including general interest charges a late payment admin fee

of $20 per employee per quarter the superannuation expense also becomes non-tax deductible and finally

a penalty charge defined as the part 7 penalty that can range between 0 to 200 percent of your late

payment in this video the zero Education team will step you through how to pay superannuation electronically using 0 let's

get started with payroll in xero paying employees super contributions is a simple automated in just a

few clicks your super payments can be created authorized and paid to get started as a payroll

administrator go to payroll and superannuation select add super payment and choose the lines to pay from the list of

posted pay Rams you can filter this list by employee Superfund employee group and due

dates using these options along the top when you're ready click submit for approval back in the superannuation screen the

payment batch will show as pending approval you're nominated authorizer will receive a text from zero with your authorization code

which is valid for 24 hours we'll also send them an email letting them know we sent a

text the code received will only work when the authorizer logs in with their own zero credentials

to authorize the super payment once logged in the authorizer can select the payment which is

pending approval review the list and if everything is in order approved next enter the authorization code received in

the text and approve and submit the payment details are then sent off to our third party superannuation Clearing House

who will direct debit the total amount payable and make the distributions to your employee super funds after

the Super payments have been made you will have spent items showing in your bank account

reconcile these using the create tab to the superannuation payable liability account that set up in

your organization thank you for watching if you are watching this video from our YouTube Channel please don't forget

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