How do I setup and process Employer funded Paid parental leave

Hi MichelleMelb 

Please have a look through this Help Article which outlines the instructions to set up paid parental leave in AccountRight. The instructions given refer to government funded parental leave, and as such they involve setting up a Liability Account to receive government funds, an Income Account to reflect those government payments as income to your business, and finally an Expense Account to funnel those payments to the employee. Lastly you would be setting up a Wage Category for parental leave which is attached to the employee in question. 

As your parental leave is employer funded, the way I understand it, is that you would not need the Liability and Income accounts, but you would still set up the Expense Account as per others in which the funds are coming from the employer. I would recommend consulting your accounting advisor to be sure, however. This post may offer some additional advice, though this does seem to be a very situational topic based on company policies etc.

The Help Article above will also walk you through the other necessary steps to process this in payroll, i.e. setting up the Wage Category, exempting it from Super and accruing entitlements, paying the employee, and reseting the employee's standard pay upon return.