We have set up particular Overtime rates in Accountright. There are not standard 1.5, 2.0 due to our EA.
The amounts have been increased as of 1st July 2022. Do I need to create new categories for each new OT rate or can I just override the amounts in the ones already set up?
I am getting a warning message about it recalculating, but will this really have an impact on any previous pays?
It would be great if I could get an answer to this by Wednesday morning, before I have to start paying our employees their overtime
Hi kaz0707
If in doubt create a new payroll category. Generally speaking when you modify a payroll category (as everyone does for super guarantee at 1 July) this does not affect existing transactions, only transactions processed after the change.
The alert you are seeing is likely to do with Standard Pays. It is telling you that this payroll category is included in an employee's standard pay and any changes will affect futiure payroll transaction based on the Standard Pay for this employee - which is normal.
Regards
Gavin
