EMPLOYER EXPENSES
Employer expenses are salary-related expenses which are direct costs to the employer but paid to the employee e.g. workers compensation.
To create a new employer Expense category:
- Go to the Payroll Command Centre
- Choose Payroll Categories
- Select the Expenses tab
- Click New
- Enter the Employer Expense Name
- Choose the Linked Expense Account and Linked Payable Account from the drop-down list
- Choose whether to show the expense on the employees’ Pay Advice
- Select the Calculation Basis
- Percent Of – the percentage of the chosen wage category will be expensed until the expense limit is reached
- Dollars Per – to expense a specified amount per pay period until the limit is reached
- Select the expense Limit
- No Limit
- Percent Of
- Dollars Per
- Enter any required minimum wage Threshold per month
- Click the Employee button to select with a tick the employees who qualify for this expense
- Click the Exempt button to exclude non-applicable wage categories
- Click OK
For further assistance: Contact Melanie Jenkins
Download this MYOB Help Sheet with accompanying images to assist you with each step below…
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