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RTWSKerrie's avatar
RTWSKerrie
Contributing Cover User
6 years ago
Solved

Car Allowance

I have set up a KM allowance in MYOB, at .68c per km. I've set it up so i just put in how many km's and it automatically tally's it in payroll. But i cant get it to stop calculating tax on top of it,...
  • bungy15's avatar
    bungy15
    6 years ago

    Hi RTWSKerrie 

     

    In Setup>General Payroll Information are you Rounding Net Pay Down to a Multiple of 50 cents?

    That's what it looks like is happening from your screenshot.

     

    Cheers

    Tracey

RTWSKerrie's avatar
RTWSKerrie
Contributing Cover User
6 years ago

I did  that!! All fixed!

 

Thank you Tracey!!!!

 

Can i ask, if you would know why it would have been set up that way??? Have i buggered up something else in the system?? haha

bungy15's avatar
bungy15
Ultimate Cover User
6 years ago

Hi RTWSKerrie 

 

Sorry for the delay in replying. 

 

No you haven’t buggered anything up 😊 

It just rounds your net pays to an even amount by taking the extra cents from the gross and adding it to the PAYG. It doesn’t effect anything in payroll, employees just pay a few extra cents tax each week. 

 

It was commonly used in the old days when we paid cash. 

 

Cheers

Tracey

  • RTWSKerrie's avatar
    RTWSKerrie
    Contributing Cover User
    6 years ago

    Phew!! 

     

    hahaha

     

    Thank you Tracey!

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