ETP Death Benefit

Question

When paying a deceased employees entitlements to the Trustee of his estate, what are the MYOB categories that I put these payments against??

If I put it as a payroll category it will cause the EOFY with STP reporting to not balance, as I believe the payment of entitlements to a Trust for a deceased employee, is 'non-reportable' and excluded from payment summary.

And, do I over ride the 'Employers wage Expense account' , so that it doesn't show up on the EOFY figures??

doreen_p · Answer

Hi cramptons
&nbsp;
I'm sorry to hear about the loss of your employee. Regarding your concern about the categories to put against each payment, I'm afraid I am not allowed to provide any financial advice especially which category to use. But no worries, I have provided here a link that will guide you. I also recommend speaking to your accountant for more information. If there's anything you need assistance with, feel free to create a post again.
&nbsp;
Best regards,
Doreen

cramptons · Answer

No help what so ever.

cramptons · Answer

Can you possibly tell me if Leave Loading is payable on the accrued AL that is owing,&nbsp; folowing the death of employee??

Forum Discussion

ETP Death Benefit

Looking for something else?

Related content

ETP Benefits Types Definitions

Life Benefit ETP

Flare Benefits

ETP Benefit Type button not showing

EOY Finalisation - Other Employee Benefits

ETP Payment

ETP

EOFY - Entering Reportable Fringe Benefits