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robs1's avatar
robs1
Trusted Cover User
2 months ago
Solved

Final Pay

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

 

  • 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

3 Replies

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 months ago

    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

  • robs1's avatar
    robs1
    Trusted Cover User
    2 months ago

    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

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 months ago

    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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