Termination Final Pay
Could anyone guide me in finding a process for terminating an employee and their final pay with LSL in Reckon Hosted?
Answers
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You have to enter the payroll using the LSL pay item, which I assume is setup, process as normal and then go to their name after and enter a release date and then make inactive
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Thank you Kris. Would you do a separate paycheque for the fortnighly pay and then another for the payment of unused annual leave and LSL?
I noticed when I added in the hours of LSL it accrued annual leave and the also LSL? Is this correct?
Wendy
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That final accrual is a problem - I edit the employees name before I process the final pay and delete the leave accrual option - of per week or pay or hour so it doesn’t accrue anything
you can do two separate payruns if you wish
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Thank you I will do that? Is the tax something I should look at for the final pay Kris?
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That too is always an issue, you could ring ATO and check but I tend to accept Reckon’s figure, that way you have done what you believe to be correct, if it’s overtaxed they will get it back next year
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Thank you for all your help Kris.
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You’re very welcome. ..
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