centerlink payment for parental leave

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MuhammadAhmed
MuhammadAhmed Member Posts: 13

Hi,

I received center link payment for my employee (Parental leave). Just want to clarify how do I proceed when it comes to amount receive and payment to employee, would be

create sales receipt under customer -Center Link and item would be wage subsidies xxx?

create payroll employee and under earning create paid parental leave xxx?

Pls clarify

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,589 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    PPL is not "income" that needs a tax code so is best received via Make Deposit.

    You need a new account for it - I like to create it as a subaccount of Payroll Expenses - & post the funds in to/out of here, which should eventually clear to zero.

    You also need to set up a new hourly, wage Payroll Item for this - it is taxable (PAYGW only) but does not attract Super or accrue any Leave. Leave the $ amount on the Payroll Item itself blank, & enter the specific $ amount in the employee's record. That way, you can use it for any employee on PPL.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)