AccountRight Plus and Premier, Australia only Some workplaces include an entitlement called leave loading. Sometimes called holiday leave loading or annual leave loading, this entitlement is paid in addition to an employee's base rate of pay when they take annual leave. Leave loding is generally 17.5%, but can vary. Check the leave loading guidelines on the Fair Work website. If your employees are entitled to leave loading, AccountRight has a wage category called Annual Leave Loading (or Holiday Leave Loading) which you can use. This category is based on 17.5% leave loading, but you can change this rate if needed. Once you've assigned this wage category to your employee's you can add leave loading to their pay. UI Expand |
---|
title | 1. Assign the leave loading category to employees |
---|
| - Go to the Payroll comand centre and click Payroll Categories.
- On the Wages tab, click the zoom arrow to open the Leave Loading category.
- Click Employee (at the top of the window).
- Select the employees entitled to leave loading then click OK.
- If needed, adjust the Pay Rate. By default it's set to 0.1750 which is 17.5% of the regular pay rate.
- If you have a separate expense account to track leave loading payments, select the Optional Account option and select the account.
- Click OK.
|
UI Expand |
---|
title | 2. Add leave loading to a pay |
---|
| When you process a pay run which includes annual leave hours, enter the same number of hours against the leave loading wage category. Here's an example where an employee is taking 15.2 hours annual leave, so 15.2 hours has been entered against the leave loading wage category.
Continue to process the pay as normal. |
HTML |
---|
<h2><i class="fa fa-comments"></i> User setup FAQs</h2><br> |
UI Expand |
---|
title | Is super calculated on leave loading? |
---|
| Is super calculated on leave loading?By default, the leave loading wage category in AccountRight is excluded from super calculations. To clarify if your leave loading payments should accrue super, check with your accounting advisor or the ATO. To accrue super on your leave loading payments: - Go to the Payroll command centre and click Payroll Categories .
- Click the Superannuation tab.
- Click the zoom arrow to open the Superannuation Guarantee category.
- Click Exempt and deselect the leave loading wage category.
- Click OK, then click OK again.
|
|