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Final Pay

robs1

I have an employee terminating with at least 6 weeks leave. I have his calculated hours due from the last pay slip. However I won't have the calculated hours for the for the last pay week.

How do I enter the calculated holiday hours to include the last pay slip leaving a zero balance in MYOB of leave owing. The total amount will also go into the leave loading.

When I enter the pay week I check 'final pay' then calculate his weeks' pay due plus add in the holiday hours available. I'm concerned it won't include the 2. somethings hours for the last week.

(hope this makes sense)

As well the small amount of sick leave not taken is not transferable if not taken, so how do I zero this out without it becoming a dollar value in the last week's pay slip.

Thanks in advance

Rob

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Accepted answers

Doreen_P

Hey @robs1,

Since your sick leave isn't paid out if it's not used, the best way to clear it is by running an adjustment leave pay run. When you're setting it up, make sure everything's set to zero— wages, tax, super, the lot— and then just pop in a negative amount against sick leave to bring the balance down to zero. Nice and tidy, and it won't affect any other figures.

Cheers,

Doreen

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robs1

Thank you. Also what do I do for sick leave as this is not paid if not used. How can I zero that without a dollar value?

Rob

Genreve_S

Hi @robs1,

To zero out leave balances, just manually calculate the final week's accrued annual leave and add it before processing the final pay. When you check "Final Pay", remember to include the usual weekly pay and the total annual leave hours. If leave loading is set up in the employee's card, it should apply automatically. For more info, check out this link.

Regards,
Genreve