Go to the Payroll command centre and click Process Payroll. The Process Payroll Assistant opens.
In the Pay Period section, click Process individual employee and type or select the employee you want to process in the adjacent field.
Click Next. The Employee Pays window appears.
Click the zoom arrow ( ) next to the employee’s name. The Pay Employee window appears.
If you're including unused entitlements, type the total outstanding entitlement hours in the Hours column for each required wage category.
If you're including a redundancy payment, include the ETP, ETP tax or bona fide redundancy payments in the Amount column for each payroll category that you set up earlier. Consult your accountant for advice on how to calculate these payments. Your accountant will also tell you how much extra tax should be withheld. You will need to manually include this extra tax. Here's an example:
Tax on gross wages
Gross wages are taxed as if they were all earned in that pay period. If the pay includes termination items, the tax calculated may be incorrect and may need adjusting. For help working this out, check with the ATO or your accounting advisor.
If you are registered for Single Touch Payroll:
Click ETP Benefit Type (this button becomes active once you've entered values against an ETP wage category in the pay).
Enter the Employee Termination Payment Additional Information. If you're not sure what to choose or enter here, check with the ATO or your accounting advisor.
If leave should NOT accrue on this payment, enter 0.00 in the Hours column for the entitlements.
Click OK. The Employee Pays window reappears.
Click Record to record the termination pay and then complete the remaining tasks in the Process Payroll Assistant.