To record a lump sum payment and to finalise a redundancy, please follow the steps below:
- Create a New Pay Run and make sure the employee who is being make redundant is included in this payrun
- In the payrun screen, click on the name of the employee
- Look for green Actions button towards the bottom right
- Click Actions and select Terminate Employee
- Review and make sure Ordinary Hours worked to the employee is also included in the earning session.
At this point, the payment detail session for this employee should turn pink to highlight this employee is being terminated and accrued leave balance will be added to the earning session for this employee. Tax and super would also be automatically adjusted based on the additional earnings.
6. As part of termination/redundancy, select redundancy/ETP tick box
7. Enter in the ETP type "R" taxable amount
8. If applicable, enter ETP Type "O" amounts into Type "O" fields
9. After reviewing amounts & tax figures, press the save button
10. After reviewing redundancy payment & information entered is correct, press the green Finalise Pay Run Button and proceed as per normal Pay Run process from here.
- Kass
