Forum Discussion
Hello, Louysedollar tree compass
To allocate Superannuation and Work Cover expenses to specific job numbers when employees work on multiple jobs during a pay period, follow these steps:
Track Hours: Ensure employees log hours worked on each job accurately.
Determine Proportions: Calculate the percentage of time spent on each job based on total hours worked.
Calculate Expenses: Compute total Super and Work Cover for each employee for the pay period.
Allocate Proportionally: Multiply the total Super and Work Cover by the percentage of time allocated to each job to determine the expense for each job number.
Example:Employee works 40 hours: 20 on Job 101, 15 on Job 102, 5 on Job 103.
Proportions: Job 101 (50%), Job 102 (37.5%), Job 103 (12.5%).
Super ($200) and Work Cover ($40) allocated: Job 101 ($100, $20), Job 102 ($75, $15), Job 103 ($25, $5).
Utilize accounting software or spreadsheets to record and verify allocations. This ensures precise expense allocation based on job-specific work hours.I hope my suggestion is helpful to you.
Best Regard,
Hello Louyse ,
Ensure that you have set up job numbers or categories in MYOB for the different projects or jobs your employees work on. In MYOB, go to your payroll settings or payroll module where you manage payroll entries.
When processing payroll for employees who work on different jobs during a pay period, enter their timesheets or hours worked against each respective job number. For superannuation contributions and WorkCover expenses, MYOB allows you to allocate these costs to specific jobs during the payroll entry process. Look for options or fields where you can specify which job each employee's superannuation and WorkCover expenses should be allocated to. This might involve selecting a job number or category directly in the payroll entry screen.
Before finalizing your payroll, review the entries to ensure that superannuation and WorkCover expenses are correctly allocated to the appropriate job numbers.