Annual Leave Rate

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Highlighted
Contributing User Nick-West
5 Posts
Contributing User
New Zealand
Contributing User

5Posts

1Kudos

0Solutions

Solved: Go to Solution

Annual Leave Rate

Hi I need to set up a pay code for a daily onsite allowance employees are paid eg if they work 40hours a week they get an extra $40 onsite allowance, this allowance need to be reflected in their annual leave rate, so what do I set the paycode up with Gross Earnings or Taxable allowance please.

1 REPLY 1
MYOB Moderator Steven_M
32,904 Posts
MYOB Moderator
New Zealand
MYOB Moderator

32,904Posts

4,404Kudos

4,778Solutions

Accepted Solution Solved

Re: Annual Leave Rate

Hi @Nick-West 

 

An employee's annual leave rate is based on the average weekly earnings or ordinary weekly pay, whichever one is higher. Average weekly earnings being the gross earnings for the last 12 months divided by the number of weeks worked.

 

As such, if you do need to set up a pay code that has its values included in the annual leave rate you would need to set it up as a Gross Earnings type.

Kind regards,
Steven

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post