STP Phase 2 Payroll category - Time in Lieu
Good Morning
Does anyone set up there Time in Lieu payroll cateogories as Time in Lieu - Earned and Time in Lieu - Taken? I have set it up this way as per myob instructions. TIL-Earned does not show a dollar value on the payslip, but TIL -Taken show the dollar value on the payslip. Does anyone know if the reporting category for STP - 2 for TIL -Earned should be not reportable? I have put TIL -Taken as Other paid leave according to ATO guidelines.
Thanks for your assistance in advance😊
Hi Anewbee
Thanks for your post. The Time in lieu - Earned payroll category accrues the hours owed to the employee. As the employee is not being paid for the accrued hours no dollar value is recorded. The Time in lieu - Taken payroll category is used when the employee takes time in lieu. As they are being paid for those time in lieu hours a dollar value is recorded.
We're not able to advise on the ATO reporting category to assign to payroll categories. You do need to follow the ATO guidelines for this: Reporting the amounts you have paid. If you're not sure about an ATO reporting category we do recommend checking with the ATO or your accountant.
Please let me know if you need further help.
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