Forum Discussion

Experienced User

5 years ago

Solved

Calculating Holiday Pay in Final Pay payslip

I need some help in understanding how the holiday pay was calculated in attached file. Not sure which is correct so do I overwrite the amount?

The Holiday Pay is showing as $3111.67 but the accrued amount is $2443.20 as shown in attached file.

Your assistance is much appreciated.

Many thnaks

Regards

Barry

barry

jenniek
5 years ago
Hi bazzamed
There is HolPay accrued on the Ord time, Covid amount and also annual leave portion paid out - as this all forms part of gross earnings, and Hol Pay is accrued on gross earnings. If you add up 7605.90+585.60+164.40=8355.90 x 8% = 668.47. 668.47+2443.20=3111.67.

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jenniek
Ultimate Partner
5 years ago
Hi bazzamed
There is HolPay accrued on the Ord time, Covid amount and also annual leave portion paid out - as this all forms part of gross earnings, and Hol Pay is accrued on gross earnings. If you add up 7605.90+585.60+164.40=8355.90 x 8% = 668.47. 668.47+2443.20=3111.67.
bazzamed
Experienced User
5 years ago
Hi Jennie

Thanks for the detailed explanation.

Regards

Barry

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