Frequently Asked Questions
Australian Superannuation Obligations
Last Updated 7 years ago
The Bookkeeping program is not a payroll program and does not manage your superannuation contributions limits or various other superannuation related obligations that you may need to manage. These are generally managed by a payroll program.
The Bookkeeping program can calculate your minimum SGC contributions amount on wages which are at the time of writing set at 9.25% of earnings once you have earned a minimum monthly earnings amount. For many small businesses this is enough for your monthly salary needs, however you will need to manage other superannuation related activities such managing contributions limits via other means.
Australian Superannuation is a large subject and one which changes every year and is not directly related to Bookkeeping. The Bookkeeping program is for your Bookkeeping needs, not for your payroll or superannuation compliance needs.
The Bookkeeping program can calculate your minimum SGC contributions amount on wages which are at the time of writing set at 9.25% of earnings once you have earned a minimum monthly earnings amount. For many small businesses this is enough for your monthly salary needs, however you will need to manage other superannuation related activities such managing contributions limits via other means.
Australian Superannuation is a large subject and one which changes every year and is not directly related to Bookkeeping. The Bookkeeping program is for your Bookkeeping needs, not for your payroll or superannuation compliance needs.