End of Year Payroll Processing
This checklist includes some of the most common methods to process pay in advance so you can enjoy a well-deserved break!
Item | Process | Details | |
---|---|---|---|
1 | Paying yearly leave loading in a single pay run. |
Leave Loading will be calculated based on the Employee's standard pay rate. Alternatively, upload the leave loading (Pay Code 288) to specify the alternate calculate details. For more information on the Upload format, refer to the 'Upload Timesheets' section in TASS.web Payroll HRM > Payroll > Pay Run Preparation > Timesheets. | |
2 | Advance processing of pay runs with a future payment date. |
| |
3 | Paying full holiday pay in a single pay run. | Refer to TASS.web Payroll HRM > Payroll > Pay Run Preparation > Timesheets.
Set the included pay periods to a status of 'Done' in the Payroll Calendar before next pay run. | |
4 | Pay increases effective in the new year. | In the case where the effective date of increase is mid-pay period:
+ Positive number of hours at the old pay rate (extracted in step 1). - Negative number of hours at the new rate (to reduce ordinary hours loaded). |
Single Touch Payroll Notes
You cannot process a pay run until the ATO has accepted the previous STP pay event.
The payment date supplied to the ATO must be the actual date payment is made to the employees.