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Shepai-8-2017's avatar
Shepai-8-2017
Experienced Cover User
4 months ago

Annual Leave, Annual Leave Loading & Personal Leave

Hi,    I am confused as to which one is correct:   Payroll - Pay Items - Annual Leave percentage is 7.6923 Payroll - Pay Items - Annual Leave Loading percentage is 0.175 Payroll - Pay Items - P...
  • Princess_R's avatar
    Princess_R
    3 months ago

    Hi Shepai-8-2017,

     

    I understand that you're a bit confused about which pay rate to use. Generally, the pay rate should be based on the wages your employee should have. 

     

    The Help article, Wages, covers the pay rate details you need. Regarding the "Override employees' wage expense category," this feature lets you assign a different expense account for wages if needed. The "Automatically adjust base hourly or base salary details" option ensures that any changes to the base hourly rate or salary are automatically updated in the employee's pay details.

     

    Feel free to get in touch if you need more help.

     

    Cheers,

    Princess

Princess_R's avatar
Princess_R
MYOB Moderator
3 months ago

Hi Shepai-8-2017,

 

I understand that you're a bit confused about which pay rate to use. Generally, the pay rate should be based on the wages your employee should have. 

 

The Help article, Wages, covers the pay rate details you need. Regarding the "Override employees' wage expense category," this feature lets you assign a different expense account for wages if needed. The "Automatically adjust base hourly or base salary details" option ensures that any changes to the base hourly rate or salary are automatically updated in the employee's pay details.

 

Feel free to get in touch if you need more help.

 

Cheers,

Princess

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