Microkeeper is an all-in-one cloud-based HR and payroll software designed to streamline and automate processes of employee management, roster making, time and attendance tracking, and payroll processing.

How can Microkeeper help my business with HR and payroll tasks?

Microkeeper helps businesses of all sizes by simplifying HR and payroll tasks. It automates time tracking, facilitates employee scheduling, manages leave requests, and integrates seamlessly with payroll systems, saving time and reducing errors in payroll processing.

Is Microkeeper suitable for businesses of all sizes?

Yes, Microkeeper is designed to cater to the needs of businesses of all sizes, including small, medium, and large enterprises across various industries. Whether you have a handful of employees or a large workforce, Microkeeper offers scalable solutions to meet your HR and payroll needs.

Can Microkeeper help ensure compliance with labor regulations?

Absolutely. Microkeeper is equipped with features to help businesses stay compliant with labor regulations. It automates calculations for overtime, penalty rates, and other entitlements, while also providing reporting tools to ensure transparency and compliance with labor laws.

How easy is it to integrate Microkeeper with existing payroll systems?

Integrating Microkeeper with existing payroll systems is straightforward. Our platform offers seamless integration with popular payroll software, allowing for smooth data transfer and synchronization. Our support team is available to assist with any setup or configuration requirements.

Payday Super changes, are you ready?, Blog

As the landscape of Superannuation in Australia evolves, one of the most significant changes on the horizon is the introduction of Payday Super. Set to commence on July 1, 2026, this reform will fundamentally alter how employers manage their superannuation guarantee (SG) contributions. If you're a business owner or HR professional, it's crucial to understand the implications of these changes and how to prepare for them.

What is Payday Super?

Under the new Payday Super regime, employers will be required to pay their employees' superannuation contributions at the same time as their salary wages, rather than adhering to the current quarterly payment schedule. This means that every time an employer processes an Ordinary Time Earning (OTE) payment, they will have a new seven-day due date to ensure that super contributions are made and received by the employee's super fund.

The shift aims to enhance retirement savings for employees by ensuring that their super contributions are invested sooner, ultimately leading to greater financial security in retirement. The Australian government estimates that moving payday super could significantly reduce the $5.1 billion in unpaid SG each year.

Key changes for employers

Increased payment frequency

Instead of making super guarantee (SG) contributions four times a year, employers will need to process these payments every time they pay for their employees. This change will require adjustments to payroll systems and processes.

Cash flow management

With contributions needing to be made more frequently, businesses must carefully monitor their cash flow. Employers will no longer hold onto 12% of their payroll until the end of each quarter, which could create short-term cash flow challenges for some organisations.

Administrative adjustments

Employers will need to ensure their payroll systems are configured correctly to accommodate these changes. This may involve investing in updated payroll technology or outsourcing payroll management to professionals who can handle increased workloads.

Compliance and penalties

The new rules come with strict penalties for late or missed payments. Employers who fail to meet the seven-day deadline may face significant fines under the updated superannuation guarantee (SG) charge framework, which aims to deter non-compliance.

Exceptions for new employees

There are exceptions in place for new hires; contributions for new employees will not be due until after the first two weeks of employment. Additionally, small or irregular payments made outside an employee's regular pay cycle can be deferred until the next scheduled payday.

Preparing for Payday Super

To ensure smooth transition into this new regime, businesses should take proactive steps:

Review payroll systems: Evaluate your current payroll processes and software capabilities. Ensure that your systems can handle more frequent superannuation payments and comply with reporting requirements.
Enhance cash flow planning: Start planning your budget with these changes in mind. Monitor upcoming super obligations closely to avoid cash flow disruptions.
Educate your team: Communicate with your HR and finance teams about these changes and provide training on how to manage the new processes effectively.
Stay informed: Keep up with updates form the Australian Taxation Office (ATO) and other relevant authorities regarding any refinements or additional details about the Payday Super implementation.

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The transition to Payday Super represents a significant shift in how superannuation is managed in Australia, with far-reaching implications for both employees and employers. By understanding these changes and preparing accordingly, businesses can not only comply with new regulations but also contribute positively to their employees' financial futures.

As we approach July 2026, it's essential for employers to ask themselves, are you ready for Payday Super changes? By taking proactive steps now, you can ensure a seamless transition and safeguard your business against compliance risk down the line.

Start today with Microkeeper and transform your payroll experience! Embrace the changes ahead and secure your business's success while safeguarding your employees' retirement savings.

Let us help you navigate the transition smoothly - contact us for a demo or sign up today!