When transitioning from another payroll provider to Employment Hero's payroll platform, you may have employees that have existing Year to Date (YTD) Super and PAYG amounts. It is important to transfer these Super and PAYG amounts over to ensure your employees have the correct financial records.
The Opening Balances Super and PAYG feature allows you to select an employee file and enter their accrued YTD Super and PAYG amounts. You can also use this feature to clear the opening balances if you entered the wrong YTD figures into their employee file.
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