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Annual Leave Rate

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Contributing User Nick-West
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Contributing User
New Zealand
Nick-West
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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.

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MYOB Moderator Steven_M
31,089 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

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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

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