Pay Wages functionality is used to generate payroll entries. It is not a fully-functional payroll system, but you can use it to generate employee payment entries common to insolvent entities.
In July 2022 Single Touch Payroll 2 (STP2) was activated. Insol6 introduced STP2 functionality in v2022.05 release. Information on STP2 and how to enable it in Insol6 can be found here
Completing the Pay Wages form
For information on completing the Pay wages from please refer to the article Completing the Pay Wages Form
Entering Deductions and other Income
Child Support Payments
For information on processing Child Support Payment please refer to the article Recording Child Support Payments
For information on processing Salary Sacrifice please refer to the article How to enter wages entries having a salary sacrifice component
For information on processing Payroll Deductions please refer to the article Pay Wages - Deductions
For information on processing Payroll Reimbursements please refer to the article Pay Wages - Payroll Expense Reimbursements
Fringe Benefits Tax
For information on processing Fringe Benefits tax please refer to the article Paying Wages Recording Fringe Benefits Tax to report on STP FBT v5 1
Annual Leave Accruals (Trading)
Please refer to the article How do you process Annual Leave taken or accrued during the trading period for information on processing annual leave taken or accrued during the trading period.
Annual Leave Accrual Report
This payroll report calculates the accrued leave trading liabilities.
From Reports and forms click on Payroll Reports-> Employee Leave Accrual.
For information on generating payslips please refer to the article Generate Employee payslips
Information on importing wages transactions can be found in the below article
As from v2020.03 the Employee STP Payment Summary Listing report can now be run from within an employee wages batch. When run from that location, the report will only report on payments within the batch.
Reporting wages on F5602/5603
As from v2020.03 when wages are paid to employees, each payment transaction will now report in the receipts and payments detail listing (eg F5602 Detailed R&P) as the net amount paid to the employee rather than the previous situation where the gross wages were reported as a payment with the withholding amounts reporting as a negative payment. This change was made so that wages payments report consistently with employee dividend payments. This change will only apply to new payments entered after the version is upgraded.
As you can see from the below example Payment pre v2020.03 reports each line item of the payment. Post v2020.03 reports the net value of the payment.
There is also the ability to flag an existing payment as an employee wages payment on the advanced toolbar of the payment screen if required so the payment reports the net value. Unticking this option on Post v2020.03 wages transactions will allow each line item to be reported. NB This change must be done on each transaction.