Defaults

1. Create Payment on Interim

Specify whether the system creates a payment on interim. If you enter Y for this option, you must also enter values for options 10 and 11 on this tab. Values are:

Y: Create payment on an interim payroll.

N: Do not create payment on an interim payroll.

2. Standard Hours Per Day

Specify the value to determine the employee standard hours per day from Employee Master. Values are:

0 or Blank: Do not use standard hours per day from Employee Master.

1: Use standard hours per day from Employee Master.

3. Standard Hours Per Day Override

Specify the number of hours for a standard work day. You use this hour to calculate the value of leave entitlements. A value entered in this field is used regardless of the value specified in the standard hours per day processing options.

4. Lump Sum Tax Free Threshold for Bona-Fide Redundancy Payments

Specify the tax free threshold amount applicable to bona-fide redundancy payments, as defined by the ATO. The system adds this to the amount from processing option number 5, and payment over that amount is considered an ETP.

5. Tax Free Amount Per Year of Service

Specify the amount that is tax free for each year of service, as defined by the ATO. It is multiplied by the years of service prior to being added to the tax free threshold.

6. Low Rate Threshold Amount

Specify the ETP Cap as defined by the ATO.

7. Pay Type for Bona Fide Redundancy Payments (Tax Free)

Specify the pay type that is used when timecards are created for redundancy payments.

8. Whole of Income Threshold Amount

Specify the whole of income cap as defined by the ATO. This cap is reduced by the taxable component of the excluded ETP.

9. Time Entry MBF Version

Specify which version of the Time Entry Master Business Function (P050002A) you want to use to process timecards. If you leave this processing option blank, the system uses the default version ZJDE 0001.

10. Payroll ID to Use When Creating an Interim Header Record for Redundancy Processing

Specify the payroll ID to use when creating an interim header record for redundancy processing.

11. Interim Header Record for Redundancy Processing

Specify the value to indicate whether the Interim payment is made using a new or existing Interim Header Record. Values are:

1: Create an interim.

0: Do not create an interim.

12. Maximum Value of Leave Entitlements to be Taxed at Flat Rate (for example $300)

Specify the maximum value of leave entitlements to be taxed at flat rate (for example, 300 AUD). The balances of Long Service Leave post 18th August 1993 (Band 3), Annual Leave and Leave Loading are accumulated. If the result is less than this processing option value, the tax is calculated at a flat rate based on the entry in the Flat Rate of Tax Where Leave Entitlements are Less Than the Maximum Value for Flat Rate Tax option.

13. Flat Rate of Tax Where Leave Entitlements are Less Than the Maximum Value for Flat Rate Tax

Enter the value for flat tax percentage. The value of leave entitlements up to the amount in the previous processing option will be taxed at this rate.

14. Use this processing option to include in STP

1 = Do not include in STP

2 = Include in STP

3 = Already included in STP

15. Use this processing option to round off the cents to the nearest dollar.

Blank or 0 = Do not round off the cents to the nearest dollar.

1 = Round off the cents to the nearest dollar.