Summary

The Decide whether a payment is an ETP table (see Transaction Entry - Termination (Aus)) shows which employee termination payments are ETPs.

• Check other open pays.
• Check the employee’s final pay.
• Add an Employee Terminations record.
• Add a termination transaction in a manual pay.

ETPs

Employment Termination Payments (ETPs) are lump sums paid to an employee on resignation. The ETP may be divided into components because each component is taxed differently.

Process

1. Check other open pays

If you terminate an employee who has transactions (such as a pay header) in other open pays, you cannot process the employee’s termination pay until you:

• Process and close those pays (if the employee should have the transactions)

  or

• Delete all transactions for that employee from other open pays (if the employee should not have the transactions).

You can use the Delete employee from pay sequence menu option in Transaction View to delete all employee information (such as a pay header and all linked transactions) from a pay sequence.

2. Check the employee’s final pay

Check that the employee's final standard pay is correct.

3. Add an Employee Terminations record

In the employee's record, add an Employee Terminations record, and enter details of their termination, such as Termination date, Termination reason, and payment amounts. PayGlobal will derive sick leave values from the employee's record. You can then save and confirm the Employee Terminations record.

4. Add the termination transaction

You should add the X. Termination-type allowance transaction in a manual pay.

Fields

Date terminated:

Reason Code:

Employee termination record:

PayGlobal copies these details from the employee's Employee Terminations record.

Pay LSL Entitled:

Pay LSL ProRata:

Select "Yes" or "No" depending on the state or territory's termination legislation.

Days worked this period:

Read only label displaying the days worked value stored in the current pays pay header record.

Profiled Hours this period:

Read only label displaying the profiled hours value stored in the current pays pay header record.