Forum Discussion

Tenua's avatar
Tenua
User
4 months ago

8% Gross Amount incorrect for Termination Pay

I have sent this email to support but was wondering if others had the same issue....... I am running both MYOB Business Payroll while still running ACE Payroll. I have done a final/termination pay fo...
Princess_R's avatar
Princess_R
MYOB Moderator

Hi Tenua,

 

Thank you for your response, and I regret the delay in my response.

 

I understand your concern about the discrepancies between the final pay calculations in ACE and MYOB Business, especially regarding the leave paid in advance. In MYOB Business, the Gross Quantity includes the leave paid in advance, which is then deducted after the calculation of Gross is done. This might result in higher final pay compared to ACE, which deducts the holiday pay already paid before the Gross calculation. This could indeed result in what you referred to as "holiday pay on holiday pay". I suggest reviewing your payroll reports and consulting with your accounting advisor to ensure accurate reporting and meeting all compliance obligations.

 

Please feel free to reach out if you require further assistance.

 

Cheers,

Princess

Tenua's avatar
Tenua
User
3 months ago

Hi Princess_R 

 

I will continue running the two payroll systems as it is obvious to me (without needing to contact my Accountant) that MYOB Business is incorrect and MYOB ACE is in fact correct.

 

Please refer to the attachment from Employment New Zealand where I have highlighted that it states that you "Pay 8% of the total gross earnings since their annual holidays anniversary date LESS any amount paid for taking any of this years annual holidays in advance".

 

May I suggest you forward this to your development team. 

 

 

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    3 months ago

    Hi Tenua,

     

    Thank you for your response, and my apologies for the delay in getting back to you.

     

    I can see your point and understand the inconsistency in the MYOB business calculation. I truly value your patience and understanding in this matter. I will be passing on this information to the appropriate team for a more in-depth investigation. Please be assured that our team will thoroughly examine this issue. I will also make it a point to keep you informed as soon as I receive any updates from the team. 

     

    In the meantime, please feel free to start a new post if there's anything else I can assist you with.

     

    Cheers,

    Princess