Global Payroll for Australia Business Processes

Global Payroll for Australia supports the following business processes:

• Taxation.

  Global Payroll for Australia comes with all the elements required to calculate a payee's tax correctly. Whatever the scenario—multiple payments within a calendar period, annualized tax, mid-period hires, or terminations—the system correctly calculates the tax.

• State Payroll Tax.

  Global Payroll for Australia administers payroll tax amounts based on the legislative requirements of the state revenue offices. This feature provides a report that you can use to calculate your state payroll tax liability.

• Superannuation.

  Global Payroll for Australia meets the requirements for superannuation by providing a number of super-related deductions. The calculation rules associated with each deduction reflect a particular type of superannuation deduction, such as a tier-based deduction or a percentage deduction based on employee contributions (matching).

• Banking and Recipient Processing.

  The banking process of Global Payroll brings together payroll data, pay entity source bank data, payee or recipient bank data. The electronic funds transfer (EFT) file creation process extracts data compiled by the banking process according to the type of EFT file that you are creating, merges it with data provided by the Australian country extension, and creates the file for transmission.

• Off-Cycle Payments

  Using the Off Cycle on Demand component, you can set up and process payments outside of the normal payroll schedule. Off-cycle transactions are usually made to correct prior payments, enter manual payments, or to make advance payments that can't wait until the next scheduled payroll run.

  Important! Advance payments do not replace Australia Pay in Advance functionality used for absences.

  See Off Cycle Processing.

• Payslips.

  The payslip feature enables you to create and control payslips that display specified data. You can determine where the data appears and how it is formatted. You can override templates at lower levels, so you do not have to create multiple templates to cover every payslip scenario that you may have.

• General Ledger Interface.

  Building on the Global Payroll general ledger interface, the Australian country extension enables you to link journal types to general ledger (GL) groupings so you can report by journal type, calculate accrued salary and leave liability, report leave liability, calculate state payroll tax liability, and run the GLI or QSP process.

• Absences.

  PeopleSoft delivers predefined rules for processing annual and long-service leave, OGO long-service leave, sick leave and absences generally defined as other leaves, such as maternity or jury duty. You can modify many of these rules to reflect absence policies that are specific to your organization or to labour agreements that may be in force for employees

• Terminations.

  Global Payroll for Australia comes with a termination section that enables you to ensure all legal obligations are met. It gives you the flexibility to make changes that suit your specific business practices.

• Salary Packaging Expense Monitoring.

  The integration of the Salary Packaging business process in PeopleSoft Human Resources with Global Payroll for Australia enables you to enter actual expenditures against a budgeted salary package. When you define components, you use the Expense Data page to identify whether the component is administered as a deduction, earning, or expense.

• End-of-Year Reporting.

  The End-of-Year Reporting feature enables you to set up the data that appears on the Payment Summaries, which you provide at the end of the year or on termination. It enables you to process and report FBT-liable earnings, generate payment summary data, print payment summaries, and create the payment summary electronic file for the Australian Tax Office.