Forum Discussion

LSolutions's avatar
LSolutions
Experienced Cover User
6 months ago

PAYG amount is less than previous pay runs?

Good Afternoon,   I am trying to create a pay run for 24/06/24 - 30/06/24 but the PAYG is less than previous pays and therefore the employee payment is higher.  Please explain why this is?  I thoug...
  • Dawn09's avatar
    Dawn09
    6 months ago

    The pay run is calculated on the payment date. so new tax tables will apply to this pay.

     

LSolutions's avatar
LSolutions
Experienced Cover User
6 months ago

Further to this, the payment date is 1st July (bank transaction paid on 1/7) and if I do a test pay run and put payment date as 30th June it calculates correctly.   Why does it matter what date it's paid? Shouldn't the PAYG rate only calculate on the date the money was earned?

  • Dawn09's avatar
    Dawn09
    Experienced Cover User
    6 months ago

    The pay run is calculated on the payment date. so new tax tables will apply to this pay.

     

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