Forum Discussion

Shepai-8-2017's avatar
Shepai-8-2017
Trusted Cover User
10 months ago
Solved

Leave Exemptions

Hi,   HELP PLEASE!   Getting confused with the leave exemptions. I think YTD balance is not correct. What are the leave exemptions for:    Annual Leave full time hourly - I ticked Overtime Pay...
  • Shepai-8-2017's avatar
    Shepai-8-2017
    10 months ago

    Hi Doreen,

    Our accountant is on holiday for a month.

    We just have simple payroll items.

     

    Annual Leave - we are paid on hourly basis, so it is correct to exempt Overtime Pay.

    I asked someone, she said I should exempt Annual Leave and Annual Leave Loading and Personal Leave too.

     

    Is there a standard way of knowing which are exempted?

     

    Please advise because I have to process the first pay this FY and I want everything to be corrected.

     

    Kind regards,

    Shepai

Shepai-8-2017's avatar
Shepai-8-2017
Trusted Cover User
10 months ago

Hi Doreen,

Our accountant is on holiday for a month.

We just have simple payroll items.

 

Annual Leave - we are paid on hourly basis, so it is correct to exempt Overtime Pay.

I asked someone, she said I should exempt Annual Leave and Annual Leave Loading and Personal Leave too.

 

Is there a standard way of knowing which are exempted?

 

Please advise because I have to process the first pay this FY and I want everything to be corrected.

 

Kind regards,

Shepai

Isaiah_C's avatar
Isaiah_C
MYOB Moderator
10 months ago

Hi Shepai-8-2017,

 

You're on the right track thinking about what should be exempt when it comes to leave and overtime, but just a heads-up, we're not able to give financial or accounting advice, so we can't say for sure what's right for your setup.

 

Since every business can be a little different, it's always best to double-check with your accountant or even have a quick chat with the ATO just to be sure everything's spot on before you process your first pay for the new financial year.

 

Regards,

Sai 

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home