ETP Tax Withheld, correction to be made
Hello, I've had 2x staff members receive ETP payments when resigning and have incorrectly coded the tax component as PAYG, not ETP Tax Withheld. I have the categories set up correctly in MYOB but...
Forum Discussion
Thanks, Princess_R .
Can I please check:
- What date should I use to 'reverse the incorrect ETP payment'? Does it need to be before staff were actually terminated?
- What dates should I use to 'record the ETP again'? Payment Date, Pay Period Start & Ending
- Presumably when the reversal and reinstatement is made, it will create payslips for these staff (a negative amount for the reversal and a positive amount for the reinstatement). How do I remove them from the 'to be emailed' tab in Print/Email Payslips so they dont remain there indefinitely?
NB: Both staff's ETPs and terminations were in the current financial year, July.
Thanks,
Greg
Hi GregApps,
Sure thing! You just need to open the original pay and reverse the transaction, so it cleanly offsets the original transaction. For Pay period and Payment date when re-recording the pay, mirror what you used on the original ETP.
Yes, the reversal and the replacement pay will produce a negative and a positive pay slip. To prevent employees receiving anything, change the Delivery Status on those pay slips to “Already Printed or Sent.”
Cheers,
Princess
