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What is the best way to change pay rate half way between pay week so holiday pay & loading is correct

KateCramer
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KateCramer
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What is the best way to change pay rate half way between pay week so holiday pay & loading is correct

In MYOB Account Right what is the best way to put in a new pay rate half way between a pay cycle as holiday pay and loading needs to be calculated on old pay rate?  Should I record two pays?

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MYOB Moderator Neil_M
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Neil_M
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Re: What is the best way to change pay rate half way between pay week so holiday pay & loading is correct

Hi @KateCramer

 

One way that you could handle this would be to create a new payroll wage category called “Old Rate” or something similar. As this would be a separate hourly wage category it would allow you to put the correct number of hours against the old rate and the remainder against the base hourly, which would be the new rate.

 

This method would also allow you to pay out any holiday pay and leave loading on the same old payrate using additional payroll wage categories

Regards,
Neil

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Ultimate Partner GDay53
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Re: What is the best way to change pay rate half way between pay week so holiday pay & loading is correct

@KateCramer

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

My understanding is that unless there is a specific clause in the employment agreement all employees should be paid holiday and leave loading on their CURRENT rate of pay NOT an old rate.

 

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
First Class Accounts Clayfield
Mobile: 0402 841 627
gday@firstclassaccounts.com
MYOB Certified Consultant
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