Forum Discussion

emcaravans's avatar
emcaravans
Trusted User
4 years ago

ETP Payment

I have an employee was was dismissed on Friday. I have processed their final normal pay and also processed their unused annual leave (created payroll categories - transferred entitlement hours from a...
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi emcaravans 

     

    Thanks for your post. You'll need to check with the ATO on what payments are classified as ETPs. This link to the ATO website has detailed information: Employment Termination Payments

     

    ETPs are reported separately in the STP reports according to the ATO reporting category assigned to the ETP payroll categories.

     

    The termination date should be the date the last day of employment.

     

    When it comes to paying out unused leave you don't need to transfer the accrual balance from the leave entitlement to the unused leave category. Instead you would link the Unused leave category to the wage leave category which will reduce the entitlement balance when you pay the unused leave. To do this go to Payroll Categories>>Entitlements tab>>open the leave accrual>>select the Unused leave category in Linked Wages Category:

     

     

    This help article has detailed information you may find useful: Processing a final pay

     

    Please let me know if you need further help.

     

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

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi emcaravans 

 

Thanks for your post. You'll need to check with the ATO on what payments are classified as ETPs. This link to the ATO website has detailed information: Employment Termination Payments

 

ETPs are reported separately in the STP reports according to the ATO reporting category assigned to the ETP payroll categories.

 

The termination date should be the date the last day of employment.

 

When it comes to paying out unused leave you don't need to transfer the accrual balance from the leave entitlement to the unused leave category. Instead you would link the Unused leave category to the wage leave category which will reduce the entitlement balance when you pay the unused leave. To do this go to Payroll Categories>>Entitlements tab>>open the leave accrual>>select the Unused leave category in Linked Wages Category:

 

 

This help article has detailed information you may find useful: Processing a final pay

 

Please let me know if you need further help.

 

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

Looking for something else?

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

Community home

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