Forum Discussion

SharonM2's avatar
SharonM2
10 months ago

Long Service Payment

Good Morning,   I have an ex employee who has contacted us after a year and would prefer us to pay out his long service instead of going through the Building & Construction Long Service Corporation...
  • Celia_B's avatar
    Celia_B
    10 months ago

    HI SharonM2,

     

    Thank you for your post.

     

    Regarding your concern about long-term service payments, Yes, you only need to remove the termination date and record the payment; if you use a new category/item on your payroll reporting, it will not affect your previous ATO reports. Only the figures will change. After finalizing, you can re-enter the termination date. 
     

    I hope this helps. You can contact us again or you can create a new post if you still have questions or concerns. We are happy to help. 

     

    If my response has answered your enquiry, please click "Accept Solution" to assist other user find this information 

     

    Kind Regards, 

    Cel

     

Celia_B's avatar
Celia_B
MYOB Staff
10 months ago

HI SharonM2,

 

Thank you for your post.

 

Regarding your concern about long-term service payments, Yes, you only need to remove the termination date and record the payment; if you use a new category/item on your payroll reporting, it will not affect your previous ATO reports. Only the figures will change. After finalizing, you can re-enter the termination date. 
 

I hope this helps. You can contact us again or you can create a new post if you still have questions or concerns. We are happy to help. 

 

If my response has answered your enquiry, please click "Accept Solution" to assist other user find this information 

 

Kind Regards, 

Cel

 

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