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khpser's avatar
khpser
Contributing Cover User
16 hours ago

ATO Reporting Category Fares and Travel allowance

Hi,

Does anyone pay apprentices that can answer a question for me please?

 

With an allowance Weekly fares and travelling allowance applicable in an award, which reporting categories in MYOB do you use for these and are they different categories for each allowance?  

 

If I am interpreting correctly the answer is yes you should - separate

 

a)  Fare allowance (Allowance - Other) What code should you use here? (OD T1 ?) Do you put this in the Wages name?

How should this look in myob? An example would be great, thanks! (MYOB AccountRight Desktop)

 

b) Travelling Time allowance (Gross Payments / OTE). 'Travel Time - Ordinary' and No specific code needed here.

 

Thank you for any info on the above.

KH

Payroll

1 Reply

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    12 hours ago

    Hi khpser,

     

    That’s a really good one to pause on, because allowances can get fiddly pretty quickly. Different allowances should be set up under the reporting category that matches what the allowance is for. That often means keeping them as separate wage categories rather than bundling them together. You can also check this link about allowances for more info. For the exact setup of:

     

    • Fare allowance
    • Travelling time allowance
    • Which reporting code/category should apply, it’d be best to check this with your accountant or payroll advisor before locking it in, so the categories line up properly with the award and ATO reporting.

     

    Cheers,

    Doreen

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