Forum Discussion

bazzamed's avatar
bazzamed
Experienced Cover 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 accru...
  • jenniek's avatar
    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.

jenniek's avatar
jenniek
Ultimate Partner

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's avatar
bazzamed
Experienced Cover User
5 years ago

Hi Jennie

 

Thanks for the detailed explanation.

 

Regards

 

Barry