How do I set up in MYOB a staff member who is purchasing an extra 2 weeks annual leave.
I have worked out the calculations on 50/52, and the figure that their wage would be reduced.
How do I set this up to be automatic in her payroll card.
Thank you
I'm also needing to set this up in MYOB, can't find any sort of direction for it.
Is there a resource to show this entitlement / payment for a staff member. How do you set it up?
Purchase leave is buying extra leave by reducing each pay to cover the extra leave taken.
Therefore, a deduction pre-tax is required to reduce the pay and additional leave is linked back to the deduction account.
Cashing out annual leave is not the same as an employee purchasing additional annual leave in excess of the award entitlement. The standard entitlement is 4 weeks per year or 13.3333 hours per month, for six weeks per year it is 20 hours per month. An example I have seen, from another payroll system, deducts 6.6667 hours from the gross wages, shown as a deduction on the payslip, at the hourly rate and accrues the annual leave entitlement at 20 hours per month, also shown on the payslip. Can this be set up in MYOB as an standard payroll process?
Hi SSSEA,
Thank you for the post. Just to confirm, are you referring to this article? Cashing out annual leave. If not, could you please specify your concern to assist you further.
Regards,
Sai
