Forum Discussion

bazzamed's avatar
bazzamed
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 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
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's avatar
bazzamed
Experienced User
5 years ago

Hi Jennie

 

Thanks for the detailed explanation.

 

Regards

 

Barry

Looking for something else?

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

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.