how to process holiday loading

Lee Wingate
Lee Wingate Member Posts: 2
edited September 2019 in Accounts Hosted
I have no idea where to find holiday loading or how to process it

Comments

  • Shirley Ingle
    Shirley Ingle Accredited Partner Posts: 138 Accredited Partner Accredited Partner
    edited September 2018

    Hi Lee  I will expand a little on what Kevin has told you.

    Firstly you need to have set up in Payroll Items a payroll item for Holiday Hourly and another for Holiday Leave Loading.

    When you process the pay, Click on Holiday Hourly item code and enter the number of hours you are wanting to pay the employee. Then below where you see Other Payroll Items, Enter Holiday Loading. The program will look at the Holiday Hourly amount and calculate 17.5% on that amount. There is no super on this. It is taxed fully. You don't use Holiday Hourly item for Public Holidays nor is there Holiday Loading on Public Holidays.

  • Shirley Ingle
    Shirley Ingle Accredited Partner Posts: 138 Accredited Partner Accredited Partner
    edited December 2016
    Hi Kevin  Not sure if there is. Have used payroll for many moons so have never needed any notes. Carolyn or Kelly may have something.
  • Sian Ward
    Sian Ward Member Posts: 11
    edited January 2018
    Hi,
    How do you set up the holiday loading payroll item to only calculate off the holiday pay? When i tried to set it up it calculated on the whole pay rather than just the annual leave?
    Thanks
  • Shirley Ingle
    Shirley Ingle Accredited Partner Posts: 138 Accredited Partner Accredited Partner
    edited September 2019

    Hi Sian

    Check the Payroll item for Holiday Loading.

    It should be set as an Addition. Item is Holiday Loading, Expense account Wages/Salary or whatever you use.

    Tax tracking type Gross Payments

    Taxes PAYG

    Calculate based on Quantity - Dot on Neither

    Default rate and limit  17.50% (or whatever you are required to pay)

    Inclusion Super - not ticked.

    Then when you pay Holiday Pay, choose the Item Holiday hourly. Then to enter the Holiday Loading, this is entered in the area Other payroll items (under where you see super).

    The Loading will only calculate on the amount for Holiday hourly. All the Gross Wages is taxed fully.

    Hope this is clear enough for you to follow.



  • Jodie Kellett-Wurf
    Jodie Kellett-Wurf Member Posts: 2
    edited August 2019
    Hi Shirley,
    I have mine set up exactly as you described but it always adds on leave loading to all hours paid - not just the holiday hours. I have to remember to adjust it manually every time. What am I missing?
    Jodie

  • Matt Hudson
    Matt Hudson Member Posts: 3
    edited July 2019
    Hi Shirley, how does this work if an employee takes 10 hrs leave and the rest as normal pay as your description above puts 17.5% on all the hrs?
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited July 2019
    Hi Matt

    The "Holiday Loading" Payroll Item is pre-created by Reckon & configured to link specifically with "Holiday Pay"-only type Payroll Items so it only calculates on these amounts & not ordinary/standard pay amounts. 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com



    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 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)