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June
June
i have two employees leaving voluntarilary and need to pay them their unused annual leave and loading. could someone tell me what ato allocation account this is assigned to? lump sum A or unused leave on termination?
June
June
hi @Loco18
It is reported as Paid leave, Type is U.
June
June
Yes I saw that on the ato site but it doesnt give me that option in the drop down box?
I have "other paid leave", or "unused holiday pay" that is linked to unused leave on termination.
June
June
hi @Loco18
I would use other paid leave.
June
June
Hi @Loco18
Thank you so much for your post. When an employee leaves your business, you'll need to process their final pay. This will include their regular pay (up to their last day of work) and their unused annual leave.
Depending on the employee's workplace agreement and their reason for leaving, there may also be other payments you’ll need to finalise, like:
You'll also need to report the employee's termination to the ATO through your STP reporting.
Regards,
Earl
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