e-PayDay Pty Ltd

Enter existing Taxation Balances

  1. Click Employees > Edit Employees or
    Click Employees from the Side Bar.
  2. Select the employee to edit (click once to highlight).
  3. Click Edit.
  4. Click Taxation.
  5. Click Balances.
  6. Click Edit.
  7. Enter the opening taxation balance into the appropriate fields.
    1. Employee Year-To-Date Balances.
      1. Gross Income: Enter the total gross (every amount that has been paid to an employee) for the current financial year, EXCLUDING Lump sum payments (A, B, ETP, D, E), salary sacrifice/s and Allowances reported separately in the Allowance Box.
      2. Leave Loading YTD: If available from your previous payroll, enter the total of the 17.50% Loading when taking Annual Leave
      3. Total Tax YTD: Enter the Total Tax Year to Date Total Tax YTD amount does not include ETP Tax when it is reported on the payment summary.
      4. Lump Sum A: Enter the total PAID Unused holiday pay and unused long service leave.
      5. CDEP (Community Development Employment Project): Enter the Gross salary or wages paid from a CDEP wages grant.
      6. Total Deductions: Enter the total of ALL BEFORE and AFTER Tax Deductions (excluding Union amounts).
      7. Lump Sum B: Enter the total PAID Unused long service leave that accrued before 16 August 1978.
      8. Total GST: Enter the total PAID Good and Services Tax
      9. Total Net Pay: Enter the Total Net Pay received
      10. Termination C: Enter the total ETP value
      11. No ABN Gross Income: If employee’s tax type is PAYG Voluntary Agreement yet no ABN has been supplied, enter the total No ABN Gross Income.
      12. Taxable Allowances: Enter the Total Taxable Allowances paid to date.This amount is included in the Gross income shown in the Employee’s balances but is reported separately as an Allowance on the Payment Summary.
      13. Lump Sum D: Enter the total Redundancy Payments
      14. No ABN Total Tax: If employee’s tax type is PAYG Voluntary Agreement yet no ABN has been supplied, enter the total No ABN Total Tax:
      15. Non-Tax Allowances: Enter the total Non-Taxable Allowances paid to date.
      16. Lump Sum E: Enter the total ETP value
      17. Other Income: Enter the total of all income considered to be from a Foreign Source, Scholarship, Bursaries, Grants, or Awards income. These payments are generally tax exempt and are reported on the Payment Summary in the Other Income field.
      18. HELP / SFSS Tax: Enter the total of all Higher Education Contribution Scheme Tax or Financial Supplement Tax which has been deducted as part of the Tax installment during each pay run. This amount is also included in the value in the Total Tax field.
      19. Non Super Salary Sacrifice: Enter the total Salary sacrifice not attributable to a super fund.
      20. Allowance in Gross box: Enter the total of ALL Allowances included in the Gross income. This amount will not be reported separately as an Allowance, in MyGov.
      21. Additional Tax: Enter the total additional Tax amount for the employee.
      22. Super Salary Sacrifice: Enter the total Concessional (Before Tax) Superannuation Contribution Deductions for this Financial Year.
      23. * Non-Reportable Allowance*: Enter the total taxable and non-tax allowances which are not reported to the ATO. This amount is not included in Gross income shown in the Employee’s balances and is also not reported anywhere in MyGov.
      24. Exempt foreign employment income: Enter the total Foreign employment income that is exempt from Australian Tax. This amount is included in the Total Tax field but is subtracted before the total tax amount is reported on the payment summary.
      25. Workplace Giving: Enter the total Pre-Tax donations
      26. Reportable Superannuation Contributions: Enter the total Reportable Employer Superannuation Contributions (RESC) for this Financial Year.
      27. Union/Professional association: Enter the total Union fees deducted from the employee’s pay
      28. Union/Professional association name: Enter the name of the Union
      29. Additional payments applied over the whole financial year: Enter the total of all Payments using Schedule 5 – Method B(ii)
      30. Tax Paid: Enter the total tax withheld when using Schedule 5 – Method B(ii)
      31. Deductible amount of the undeducted purchase price of the annuity: Enter the total foreign pension or annuity
      32. Foreign Tax Paid: Enter the total tax paid for Foreign Income
    2. ETP Values
      1. Payment Date: If required, enyer the date the ETP was paid
      2. Payment Tax Code:  If required, enter the applicable ETP Tax Code
      3. Pre July 1983 Segment: If required, enter the Pre July 1983 Segment of the Employment Termination Payment.
      4. Taxable Component: If required, enter the total Taxable Component of the employees Employment Termination Payment.
      5. Invalidity Segment: If required, enter the total Invalidity Segment of the Employment Termination Payment.
      6. Total Tax Withheld: If required, enter the total Tax Withheld from the Employment Termination Payment.
      7. ETP Rollover Segment: If required, enter the ETP Rollover Segment of the Employment Termination Payment.
  8. Click Save then Exit.
Revision: 12
Last modified: Jun 01, 2020