When you create an employee paycheque in MYOB Accounting, the amounts designated for deductions, employer expenses payments and taxes are not paid to the employee nor are they automatically paid to the appropriate supplier. The amounts are assigned to the linked creditors account you selected for each payroll category and are accrued liabilities.
It is then up to you to create payments for these liabilities according to your schedule. Consult your accountant or the appropriate government agencies if you're unsure about how or when to file payroll taxes or your other liabilities. (Paying PAYE and NIC's)
Use the Pay Liabilities window to select the supplier you want to pay, the time period, the liability type and the payroll category type to display a list of accrued payroll liabilities for that period.
An accrued payroll liability appears in this window only if:
Then mark the payments you want to process and record the payment.
There are several reports related to payroll liabilities that can be very useful:
Step by step