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Create Final Pay
You must enter additional details on the Create final pay form to ensure the pay is correct. Only the pay periods, pax periods, and final pay default lines apply to New Zealand.
Note: If the employee was employed before 18th August 1993 and has a normal termination, taxes on unused annual leave and long service leave are not calculated. You must calculate and add these amounts. If the employee was employed before 16th August 1978, the tax on unused long service leave is not calculated. You must calculate and add that sum.
Normal Gross Earnings
Normal gross earnings are taken from the employee's pay based on several options. The accumulator and setting from the Normal Gross Earnings section of the Tax Config tab on the Employee Maintenance form calculate the normal gross earnings. The Last Pay option takes the normal gross earning to the pay transaction types that are included in the accumulator that is selected for the last paid pay.
If you change the option to Average for year, you get the average for the last financial year. This is used when the pay fluctuates significantly over a number of pay periods. You can change the last pay or average for year setting on the Config tab on the Employee Maintenance form.
The accumulator used for the calculation of normal gross earnings should include all payments, except those relating to termination payments, received in the last full period of employment (this includes taxable allowances, overtime, bonuses and the like). A payee's normal gross earnings are those earnings relating to the last full pay period worked.
Note: You should thoroughly check all calculations, leave accruals and payouts for all terminations.
Options Reference
Each option and field on the form is described below. Mandatory options and fields are highlighted in red.
Pay Periods
Enter the number of pay periods to include in the final pay.
Tax Periods
Enter the number of tax periods to include in the final pay.
Include standard Pay
Deselect this option if you don't want to include the pay lines for the employee on the final pay.
Include standard Deductions
Deselect this option if you don't want to include the deduction lines for the employee on the final pay.
Include standard Employer Costs
Deselect this option if you don't want to include the employer cost lines for the employee on the final pay.