From 1 July 2026 all Australian businesses will need to pay superannuation at the same time as they pay wages – or within a few days. If you have been paying it monthly or quarterly, this has implications for your cashflow. For many businesses it may not be material but for others it can be a crunch time.
To better understand Payday Super obligations, you can get more information on the Australian Taxation Office site.
Forecasting Super Payments for the Transition to Payday Super
If you have been paying super monthly or quarterly, then you would be due to pay the last payment under the old system by 28 July. From 1 July you’ll be paying each week or fortnight as you pay your employees, so you will have extra outgoings in July. After that the system will be very simple.
Forecast your final payment under the old system
Run a cashflow forecast report or a Tax Flow Forecast report to identify the expected Super payment in July 2026 and make a note of this.
Add an unlinked account to budget for the July super
In Settings, Chart of Accounts, add a new account in the liability section so that you can budget for the July payment.
In your budget for July 2026 enter the forecast payment amount against the new account. It should be negative as it will be reducing your existing super liability.
Update your Cashflow Settings for the new Payday Super
As your superannuation will effectively be paid on a cash basis from July onwards, you can update the nominated accounts in Cashflow Settings and select the payment schedule as Monthly (Same Month).
The forecast will then show a movement on the liability account, the same month as the expense account. As a result, it will match the way most accounting systems process Payday Super.
Talk to our team if you need any help with this. You can book a session with our support team to go through your Calxa settings.
If you want to plan ahead, have a look at preparing some budget scenarios to manage future changes.