Last Pay, ETP payment, Unused Leave
Hi, I've read the MYOB info on ETP and I'm a bit confused. I have to do a payrun / final payment for an employee that was made redundant. It reads like I need to do two last pays, one for the last...
Hi KACE - sorry for the late reply!
The new final pay feature (for voluntary resignations) means you don't need to manually calculate anything; your MYOB software will do it all. Take a look.
Otherwise, the other reason you might want to record an unused leave payment (and any applicable ETPs) separately is to clearly show the employee the breakdown of what's being paid and the tax that applies to each component.
As we say in the help topic, you might need help from a payroll advisor for any final payments (other than voluntary resignations) that require manual calculations - just to ensure you're paying the right amounts.
Adrian
