I'm in need of desperate help in setting up payroll so that I don't stuff up the fields Can anyone please help? Mostly setting up the payroll items so that I have linked everything correctly i.e. holiday pay, loading, super, overtime, etc etc
Hey Vanessa, I'm no professional & I've fumbled my way through most of payroll. While we had an accountant set most of it up initially, but my 'bible' has been the "QuickBooks for Dummies" guide from Office Works (of all things!). Think it was about $30 & it's been my savour! Step-by-step instructions & if I've ever been in doubt, I've contacted Fair Work & referred to our award. My addition is 2012, but there might be a newer edition or something more Reckon branded by now (??). Sorry mate, I'm not much more help than that. Best of luck!
If you need to do it sooner, my best advice is to set up a payroll clearing account (or electronic clearing if paying via ABA). the pays get created in the payroll clearing account and when paid from the bank they go into the payroll clearing. This way you can reconcile and pick up any discrepancies.
If you have employees on 38hrs & 40hrs & 15hrs PPT etc set up a leave accrual for each.
Link holiday pay to each of the accruals, and do the same for personal leave.
Holiday loading is not linked it automatically finds the $$ of holiday pay paid, set it up for the 17.5%
send me an email of what staff & wages are required i.e casual, PPT, FT, hrs and I will try to anwer before I go away.