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I am doing a Final pay and the amount of holiday pay seems high. They have earned $5440 since 25.1.17 and it is saying I need to pay $2327.36. I thought it was 8% of the gross pay - do I need to make an adjustment.
They only hve 5 hours of annual leave left and 20 accrued sinse 25.1.17
Thank you in advance
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New Zealand Payroll will take the Holiday Pay Due value that is listed in the Maintain Employees>>Leave Details tab and include 8% of Gross Earnings for that final pay (Annual leave is included).
If you are indicating that the Holiday Pay value on the final pay is incorrect it does sound like you need to check that value and possible look into why that value is not 8% of the gross earnings.
I would assume it's probably to do with the fact that at some stage the employee's holiday anniversary date is not the same as their start date and the annual leave hasn't rolled through correctly. If that is the case then the annual leave entitlement may have not rolled correctly and you would be looking at NZ Payroll Support Note: Fixing holiday pay paid in error to ensure that you have the correct values. There are other reasons why that Holiday Pay Due value is no 8% of Gross earnings such as it has been manually overtyped, the employee was a casual employee at some stage and the holiday pay hasn't been paid to them.
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Generally the extra amount comes from having an older value that comes a previous year. I see the employee has been employed with the company since Late January has the employee ever been setup as a casual employee at some time i.e. the Normal Hours per Week were set to be 0?
Along with that I have sent you a private message on the MYOB Community Forum in regards to getting a copy of the Maintenance Audit report for that employee to see what has gone on.
They have been employed since 2010 - not been set up as a casual - the only changes made to this employee were taking him out of Kiwisaver - at their request and changes in their hourly rate
After getting a copy of the Maintenance Audit report if for that employee it does look like that the Gross Earnings value for the employee had been changed manually to be 0.00. Thus holiday pay was still being owed for that employee which in turn will be required to be paid out when the employee is terminated.