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Anewbee's avatar
Anewbee
Experienced Cover User
2 years ago
Solved

STP Phase 2 Payroll category - Time in Lieu

Good Morning Does anyone set up there Time in Lieu payroll cateogories as Time in Lieu - Earned and Time in Lieu - Taken? I have set it up this way as per myob instructions. TIL-Earned does not show...
  • Tracey_H's avatar
    2 years ago

    Hi Anewbee 

     

    Thanks for your post. The Time in lieu - Earned payroll category accrues the hours owed to the employee. As the employee is not being paid for the accrued hours no dollar value is recorded. The Time in lieu - Taken payroll category is used when the employee takes time in lieu. As they are being paid for those time in lieu hours a dollar value is recorded.

     

    We're not able to advise on the ATO reporting category to assign to payroll categories. You do need to follow the ATO guidelines for this: Reporting the amounts you have paid. If you're not sure about an ATO reporting category we do recommend checking with the ATO or your accountant.

     

    Please let me know if you need further help.

     

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