MYOB Exo Payroll

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Current Pay - Days Paid / Hours Paid

Clicking the Days Paid or Hours Paid button on the Current Pay screen shows a Leave Accumulator for valuing several types of paid leave, primarily Holiday Pay. Several of the internal leave calculations look at the employee's pay history, and divide the gross liable for holiday pay by the number of days paid for that period, to form a daily rate of pay. A daily rate of pay is defined as 1/260th of the annual salary, therefore after one year of payroll activity you should have 52 pay periods of 5 days per period, equalling 260 days per year. In other words, the value for this field would be in the range of 1 to 5, where the employee is paid weekly.

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