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Preferences
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'''Preferences'''
  
Have the Preferences been correctly setup for Payroll?
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'''Do you know where to set the Payment Preferences?'''
Select Utilities Tab
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Select Preferences button
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Select the Payroll tab
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Leave Accrual
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You may set your Payment '''Preferences''' in Utilities Module
Select when leave is to be accrued (actual accrual rates are set in Awards<LinkId=154>)
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*Preferences
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*Payments
  
Balance Sheet
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This is where you set your desired:
Select which leave accruals are to show on your Balance Sheet - refer to your accountant for guidlines
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*Payment Accounts
 
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*Payment Variation Accounts
Payslip
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*Statement Messages '''OR''' You can assign your own message
Select which accrual figures are to be displayed on employee Payslips
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*cCick '''Save''' to finish transactions.
 
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Day/Week
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The information in this section defines how Timesheets work.  Timesheets are used where hours are to be recorded
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against jobs or customers
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Start Day of Working Week - Enter here the start day for the working week and the start and finish times.  These
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setting change the timesheet display.
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Use Employee Service as Employee Cost in Job Tracking - Select if you want to automatically populate the
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Employee Cost in Job tracking from the cost recorded in the Employee Service area
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Timesheets are allocated as done when applied to an invoice - Locks timesheets against changes after a
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client Invoice has been generated from it.
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Summarise Timesheet Entries when applying cost to invoice - Summarise timesheet entries or lines into a
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single billable amount
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Use Timesheet Rate Inc as Invoice Cost - Select if you want to automatically populate client invoices with the
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timesheet rate
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Load Hours from Roster
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This information defines how Rosters Work.  Rosters define what hours an employee should work and the Clock
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ON / Clock Off feature records actual hours worked and can be linked directly to pays.
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Use Clocked Hours - When copying to Payroll use clocked hours rather than rostered hours
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Ignore Early Start - Don't copy hours prior to the rostered start time into payroll
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Ignore Late Finish - Don't copy hours after the rostered finish time into payroll
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General
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This information is essential for the correct calculation of leave accruals and PAYG Tax.
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Standard Hours worked per week - This figure is essential to convert hours of accrued leave to days.
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Annual Leave Weeks per Year - Used to calculate leave accrual rates
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Sick Leave Days Per Year Cap - This is the maximum number of sick leave days allowed to be accrued in a
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single year. This figure is used to calculate accrual rates.  If there is a maximum number of days that can be
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accrued overall this is set in the Award
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Long Service Leave Weeks per Term - Used to calculate leave accrual rates
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The following preferences are rates set by the ATO and are used for termination payments only.
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Leave Loading Tax Threshold
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Medicare Levy Rate
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Medicare Levy Surcharge Rate
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Base Tax Rate for Lump Sums
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Lump Sum Flat Rate for Over 55
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Lump Sum E / Backpay Tax Rate
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Fringe Benefits Tax Rate
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No TFN Tax Rate
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Threshold Limit for RBL Purposes
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Lump Sum D (Basic Tax Free Potion)
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(Yearly Tax Free Portion)
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ETP Low Rate Threshold (per year)
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Default Superannuation Rate - This is the Superannuation Guarantee Levy rate
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Pay Super is Monthly Gross More Than - This is the monthly income level where the SGC cuts in.  This is a
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cumulative figure so if an emloyee earns for example $400 per week, the first weekly pay each month will have
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no superannuation component but the difference will be made up in the second pay for the month.
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Pay by Department - allows pays to be run seperately for different cost centres
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Add to EFT by default - to use this option you must be registered with you bank for EFT and record your
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APCA Number and bank account details in Accounts<LinkId=8>
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Include Pays with $0 pay - creates a pay record and Payslip for employees who's pay is $0 for the period.
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Import Tax Scales - New tax scales are made available for import as required (usually at the start of a new
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financial year).
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Clearing Account
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Payroll Clearing Account - This must be a clearing account, not an actual Bank Account.  Defaults to Payroll Bank
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Clearing.
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Expense Accounts - These are the costs to the company, irrelevant of payment or not. Use these accounts in
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the BAS/VAT
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Gross Wages - This is typically a simple header account, in that you don't post anything to this account, but
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use it as a summing account of those under it
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Leave Paid - This is the expense account for all leave types.  Accrued leave is expensed at the time it accrues
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at the pay rate current at that time.  When leave is taken it is expensed to Gross Wages at the actual current
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rate and the Leave Paid expense account is reduced by the original accrued amount.
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Super Paid - This is the expense account for superanuation
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Net Wages - This account records the actual cash paid to the employee
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Deduction Paid (Default) - This is the expense account for deductions
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Sundries - Any expense entered as sundries will show here
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Allowance Paid (Default) - This is the expense account for Allowences
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PAYG Expense - This is the tax expense as part of payroll
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Liability Accounts - These are the payments that are to be paid to the various suppliers, including the tax office. DO
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NOT Use these accounts in the BAS/VAT
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Deductions Liability - Amounts that need to be paid for any deductions taken from the employee ie union fees etc
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Leave Liability - Amounts accured for any Leave type that are to be paid to the employee when that leave type
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is taken
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Allowances Liability - Amounts that need to be paid for any allowences given to the employee ie travel allowence etc
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Super Payable - Amounts that need to be paid to the employees super fund
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PAYG Tax Payable - Amounts that need to be paid to the Tax office.
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Latest revision as of 10:14, 17 September 2015

Preferences

Do you know where to set the Payment Preferences?

You may set your Payment Preferences in Utilities Module

  • Preferences
  • Payments

This is where you set your desired:

  • Payment Accounts
  • Payment Variation Accounts
  • Statement Messages OR You can assign your own message
  • cCick Save to finish transactions.