Processing a Final Pay with unused RDO
Hi everyone,
I hope someone can offer me more guidance than my accountant.... which is not much at this stage.
I have an employee that finished last Friday. I processed his last pay already, have ran & printed a Entitlement Balance report, and gone through link after link on the ATO and other websites, trying to get my head around paying out RDOs.
My understanding is to process the unused AL & leave loading seperately. And run another pay for the RDO's as it's considered an ETP - Taxable Component!? This is the link I sent to my accountant:
However, upon checking other pages (also from the ATO and other various sites) I can't seem to see where else this is mentioned - paying unused RDOs as an ETP.
Does anyone have the correct knowledge to process this pay? I tried to create a pay run and process all the unused leave in one go, just to see how it would calculate the ETP, but I don't really know what I am looking at. I also created a Deduction category as mentioned in this MYOB link https://www.myob.com/au/support/myob-business/payroll/processing-a-final-pay/3-create-payroll-categories-for-termination-payments) but nothing calculated in that section!?
Please, for the love of god (lol) can someone shed some light on this issue!!
And one more question, there is not Super Garauntee on the unused RDOs?
Thanks in advance!!
Marisa