Add an Annual Leave (Cashed Out) Pay Rate

!e-PayDay® Payroll Support Personnel are not registered Taxation or BAS agents (members of the Tax Practitioners Board (TPB)) and therefore are unable to provide payroll advice. We can assist you in the use of the software in obtaining your desired outcome based on advice provided to you by your Accountant or Bookkeeper.

!Annual Leave (Cashed Out) is designed for when an employee receives payment for their leave hours and continue working, instead of taking time off. It is NOT designed to be used as part of a Cessation Pay Run or when the Employee is actually taking the leave period.

1. Click Pay Types > New Pay Rate or
   Click Pay Types from the Side Bar, Navigate to Pay Type, click on the drop-down menu and change to Pay Rate then click New.
2. In Description, enter Annual Leave (Cashed Out).
3. In Paid by, select Per Hour.
4. In Amount ($ or ), enter 100.
5. In Tax Treatment, select either Annual Leave Cashed Out – Schedule 5, Method A or Annual Leave Cashed Out – Schedule 5, Method B(ii)
6. If required, change the following fields,
   1. Tax
      1. Payroll Tax
   2. Accruals
      1. Superannuation (OTE)
7. Click Save then Exit.
8. Use this Pay Rate n a pay run by following How do I process a Pay Run with Annual Leave (Cashed Out)?