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The accountant wants a quarterly payrun entered in Essentials to match the Activity statement that was lodged.
Why cant I override the gross hours? I notice the PAYG tax you can override and enter the figures you need.
Also the only dates available are limited to monthly and I need to enter quarterly.
I can alter it to be monthly but its still asking for hours when I need to enter a very large
Gross amount and the tax amount that the accountant gave me??
If I enter a higher hourly rate you cant enter higher than 1000. I need to enter a quarterly figure of $18,000 gross?
What is the solution here?
Solved! Go to Solution.
Essentials Accounting can cater for weekly, fortnightly and monthly pay runs, but not quarterly. Therefore you won't be able to set the pay period to be longer than one month, and would need to enter the figures manually.
It will still let you proceed further by entering a monthly pay, and enter the quarterly figure in one pay. You can edit the total hours worked in this pay, the hours worked cannot exceed 1000, which isn't a problem as total hours worked in a quarter should be far lower than 1000. As you've already noticed, the PAYG amount in the pay needs to be manually updated also.
It's also a good idea to double check the leave balance after the pay is recorded, as the system will only treat it as a monthly pay.
Personally I'd suggest breaking the quarterly figures into 3 monthly pays, this way the pay period, leave accrual will be correct, and the total figure for the quarter will be the same.
Hope this helps. Please do let us know how you go.
I sorted it out. Since its only an adjustment for the accountant for the Director (no payslips or leave needed),
I entered an hourly rate of $100 to get the figure $18000 gross figure. Then I could overwrite the tax as
per the accountants figures.