Normal redundancy payments are paid as dividends and the payment summaries reflect the correct preparation of the payment summaries, however, there may be occasions where you want to pay an employee termination payment after appointment.
An example is highlighted as follows:
1. Add a new payroll expense account "Redundancy"
2. Enter a payment (lookup an employee as the Payee)
Example coding lines may be:
Redundancy $1000
PAYG ($300)
The system should auto-allocate this entry line to the employee.
3. Right click on the redundancy account in the entry and select "Edit/View PAYG Details"
Follow the instructions in this separate KB:
4. Print the Payment Summary INB report for the employee to check the correct output
Comments
0 comments
Please sign in to leave a comment.