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bazzamed's avatar
bazzamed
Experienced User
5 years ago

Calculating Holiday Pay in Final Pay payslip

I need some help in understanding how the holiday pay was calculated in attached file. Not sure which is correct so do I overwrite the amount?   The Holiday Pay is showing as $3111.67 but the accru...
  • jenniek's avatar
    jenniek
    5 years ago

    Hi bazzamed 

    There is HolPay accrued on the Ord time, Covid amount and also annual leave portion paid out - as this all forms part of gross earnings, and Hol Pay is accrued on gross earnings. If you add up 7605.90+585.60+164.40=8355.90 x 8% = 668.47. 668.47+2443.20=3111.67.

jenniek's avatar
jenniek
Ultimate Partner
5 years ago

Hi bazzamed 

There is HolPay accrued on the Ord time, Covid amount and also annual leave portion paid out - as this all forms part of gross earnings, and Hol Pay is accrued on gross earnings. If you add up 7605.90+585.60+164.40=8355.90 x 8% = 668.47. 668.47+2443.20=3111.67.

  • bazzamed's avatar
    bazzamed
    Experienced User
    5 years ago

    Hi Jennie

     

    Thanks for the detailed explanation.

     

    Regards

     

    Barry

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