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JackieBell's avatar
JackieBell
Experienced Cover User
5 years ago

employee termination unused annual leave loading

Hi,

 

I use MYOB AccountRight. I have just had an part time employee leave to take on another job. She has 15.30 hours of unused annual leave. I am aware it is a requirement to add the annual leave loading of 17.5% onto the payment of the unused annual leave, however there is no "unused annual leave loading" category. Am I supposed to create one, or just adjust the amount (by adding the extra 17.5% calculated on the amount of unused annual leave pre-calculated by MYOB software)?

What is the best way to move forward without confusing the ATO or making a mistake?

 

Thank you very much for your feedback,

 

Kind Regards,

 

Jackie Bell

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