Overtime on STP2 Segregated Allowances
Hi Have not been able to find a clear answer on how overtime can be calculated to include "all purposes" allowances amounts if they are segregated in STP2 from the Gross. For overtime category eg ...
Forum Discussion
Hi MOTIVATED
I'm not sure why the overtime calculation set up would be different after certain allowances are reported separately in STP 2. By searching 'all purposes allowance' I found this post on the ATO's forum which may help your situation - https://community.ato.gov.au/s/question/a0J9s000000LkKN/p00178733
If your situation is different, I'd recommend clarifying the reporting requirements/calculation with ATO or with your accountant in order to work out the best set up for your business.
Hi Clover
I suppose trying to work out how segregating the bulk Gross amounts will calculate in Myob if we now need to lower the Hourly Wage in the employee card so Myob picks up the new lower Base Hourly amount . Now the Industry etc is to be separated. The overtime x1.5 category would also calculate now on the lowered amount in the employee card.
For example- Prior- (Base Hourly included Industry Allowance)
$60.00 - When do a payrun Myob would calculate 38hrsx$60 placed in employee card
For example- New - (Base Hourly in card needs to be lowered by $5 due to Industry allowance).
$55.00 - In card so Myob only calculates on 38x$55 now & linked to Gross
$ 5.00 - New Industry Allowance Earning Line linked to Task Allowance, but no longer to be multipled by card hourly rate
Therefore if employee did 1 Hour O/T, which is technically 1x$60, Myob would now only pick up 1x $55 due to amended employee card.
How can overtime calculated on the 2 amounts still, without NET Pay also being thrown out?
