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Anewbee's avatar
Anewbee
Experienced Cover User
7 months ago
Solved

Entitlement Category for LSL Salary - calculation

Hello   I have an employee that will be entitled to LSL in July and LSL has never been set up. I want to set up an entitlement category for LSL-Salary. In the MYOB LSL notes, I need to use Example ...
  • Genreve_S's avatar
    Genreve_S
    7 months ago

    Hi Anewbee, 

     

    The calculation for LSL you mentioned looks like it lines up with the general formula just fine. If you want to be absolutely sure though, it’s a good idea to check in with a financial advisor.

     

    As for adding the hours the employee is entitled to, you can sort this out by doing a nil pay with just the LSL entitlement hours you need to adjust. You can read more about the process from this link.

     

    Regards,
    Genreve

Genreve_S's avatar
Genreve_S
MYOB Moderator
7 months ago

Hi Anewbee, 

 

The calculation for LSL you mentioned looks like it lines up with the general formula just fine. If you want to be absolutely sure though, it’s a good idea to check in with a financial advisor.

 

As for adding the hours the employee is entitled to, you can sort this out by doing a nil pay with just the LSL entitlement hours you need to adjust. You can read more about the process from this link.

 

Regards,
Genreve

Anewbee's avatar
Anewbee
Experienced Cover User
7 months ago

Hi Genreve_S​ 

 

Just wondering if I could please ask another question. When I do a zero-dollar (void) pay to adjust the LSL hours as per the MYOB instructions under Adjusting leave entitlements. Does it matter that the date on the nil pay slip is the same date as the fortnightly pay slip? I'm thinking I might get a message when I submit it to ATO for STP reporting asking if I’m updating the pay slip and if I do, I’m not sure whether I would say yes or no as it's a separate pay slip?

 

Thank you, I will appreciate your assistance!

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