Setting up your business bank account

M‑Powered Superannuation > Setting up MYOB M-Powered Superannuation > Setting up your business bank account

Setting up your business bank account

When you applied for M-Powered Superannuation, you nominated a business bank account for paying superannuation contributions. This account needs to be set up in your company file.

note : If you nominated an existing account that is already set up in your company file, you do not need to complete this procedure.

To set up your business bank account for superannuation payments

1	Go to the Accounts command centre and click Accounts List. The Accounts List window appears.

2	Click New. The Edit Accounts window appears.

3	Enter the account profile details. Note that the account type must be Bank.

4	Click the Banking tab and enter the BSB Number, Bank Account Number, Bank Account Name and Company Trading Name.

5	If you also use this account for transactions that you create electronic payment files for, select the I Create Bank Files (ABA) for This Account option and complete these details. Note that option does not need to be selected to use MYOB M-Powered Superannuation.

6	Click OK. The Accounts List window reappears.

▪	Setting up Superannuation funds

▪	Setting up your employees’ superannuation

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