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NicP81's avatar
NicP81
2 years ago

Bonus payment tax issue

Hi, I did my final 2023 FY pay run yesterday but then decided we were going to give one employee a $5K bonus.  I had already submitted his usual pay so I did an extra pay entry for just the bonus but...
  • Doreen_P's avatar
    Doreen_P
    2 years ago

    Hi NicP81 

     

    When paying bonus to an employee, a new wage pay items needs to be set up. The Help Article, Bonus and allowances will provide the steps on how to do it. If the pay has been recorded already, an adjustment is needed. Kindly check The Help Article Fixing a pay as it will guide you through how to do it. 

     

    Please let me know if you need further assistance.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

    Best regards,
    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator

Hi NicP81 

 

When paying bonus to an employee, a new wage pay items needs to be set up. The Help Article, Bonus and allowances will provide the steps on how to do it. If the pay has been recorded already, an adjustment is needed. Kindly check The Help Article Fixing a pay as it will guide you through how to do it. 

 

Please let me know if you need further assistance.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

Best regards,
Doreen

NicP81's avatar
NicP81
2 years ago

Thank you Doreen.  I had my accountant check it out and she confirmed what I had done was correct after all.

 

Thank you for your response though.

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 years ago

    Hi NicP81 

     

    Thanks for updating us about this. Glad to hear that it has been resolved. Feel free to post again if you will encounter any issue. We'll be more than happy to assist.

     

    Best regards,

    Doreen

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