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Last edited 3 months ago

Was researching about Wrkr, payday super and the Small Business Clearing House and found this article which mentions Xero or Quickbooks as an alternative

https://wingr.com.au/ufaq/what-is-the-small-business-superannuation-clearing-house-sbsch/

Most employers will automate their super payments using their payroll software, such as Xero or QuickBooks. However, if you wish, you can use the Small Business Superannuation Clearing House (SBSCH) instead.

SBCH is separate entity from Wrkr. Nonetheless SBCH seems to have issues which probably benefits the online offerings such as Xero, MYOB and Quickbooks

https://www.accountantsdaily.com.au/super/18484-payday-super-a-win-for-workers-but-burden-for-small-business

The government-provided Small Business Superannuation Clearing house, used by around 130,000 small employers, is ill-equipped to handle payday super. It cannot process multiple payments in quick succession and has a history of delays.”

While there could be benefits, there could be also disadvantages if there are small business customers using these packages face challengers managing cashflow to make more super payments. Hence their lobbying for the delay.

#Bull Case
stale
Added 2 years ago

Funny how after this tweet from Emmanuel Datt of Datt Capital, the share price keeps rising.

Emmanuel Datt completely missed the point.

But there's still hope he just maybe be proved right. Still lots of time between now and the next year.

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