Paying your employees
> Processing termination payments
Processing termination payments
Before you process a termination payment for an employee, you need to calculate any termination amounts you owe the employee—for example, accrued holiday pay—in addition to processing their final standard pay.
note :
Before you begin
Check the relevant award or employment contract for exact details of what needs to be paid to the employee on termination.
Do the following tasks to process a termination payment.
Task
1
Process the final standard pay
2
Determine any outstanding entitlements
3
Create payroll categories for termination payments
4
Exclude termination payroll categories from superannuation calculation
5
Record the final termination pay
6
Enter termination details
7
Prepare ETP summary
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