Paying your employees
You can use the Payroll feature to process pays for wages and salary. Your AccountRight software can also calculate overtime rates, allowances, union fees and other deductions, employer expenses, superannuation and entitlements such as holiday pay and sick leave, along with tax deductions.
In your software, the components of an employee’s pay, such as wages, entitlements and taxes, are called payroll categories. These are assigned to an employee’s card to calculate their standard pay.
Some payroll categories (deductions, expenses and taxes) determine what are known as payroll liabilities. These are amounts withheld for later payment to the appropriate authority or agency.
When you process pays, you can vary an employee’s pay by overriding the standard pay values, such as the actual number of hours worked and the number of hours of holiday leave taken. At year-end, you can print payment summaries for your employees to use at tax time. For more information, see Starting a new payroll year.