STP2 and Annualised Salaries and Allowances in Award included in those salaries
I’ve watched the training videos from Clayton, and I’ve asked been speaking to some book keepers and accoutants. Most of my staff are on an Annualised Salary Hybrid model paid well above the award wages. Meaning, I pay my staff for any overtime but included in their Annualised Salary are things mandatory in their award like Leave Loading and the Laundy Allowance
I’ve had mixed responses around reporting on those mandatory items (Leave Loading and Lundry Allowance, the bookkeepers and some accountants I’ve spoken to said the message coming to them isn’t really clear either, they are telling me I don’t need to break up the Annualised Salary. Is that correct? In Clayton’s video, it says I need to break them out but perhaps that didn’t consider annualised salaries.
Also, outside of reckon, we have a timesheet system. The team does overtime and take TIL. It’s not entered Reckon unless they want to be paid out. From the videos. In Clayton’s video, it says I need to show all TIL taken and given? Surly just showing the payout figure is enough?
Thanks everyone, just getting ready for next month so hoping I can clear these few items up.
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