Wendy2018
2 months agoTrusted User
Cashing Out Annual Leave
Hi all,
I have an employee who is cashing out 2 weeks annual leave, but not taking leave.
As I understand it they are to receive 2 weeks at their normal rate as if they were actually going on leave.
However, when I try to enter the 2 weeks cashed out leave for which I have created a new category, MYOB wants to deduct an extra $213.00 tax.
could someone suggest where I may have gone wrong here.
Just to clarify; 2 weeks at normal rate, less 2 weeks at normal tax rate, should be equal to 2 weeks normal net pay.
Thanks