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 remove the nominated accounts from Cashflow Settings.
The forecast will then no longer forecast a movement on the liability account, with everything managed through the expense account.
In Cashflow Forecast, turn on the Advanced view to show the list of accounts. Find our superannuation expense account and set the cashflow type to Profile with 100% in the current period.
Your cashflow forecast will now show the superannuation against the expense account in July and the remaining balance from the liability on our manual account.
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.