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PAYROLL DEDUCTIONS

Home > Money With Melanie > Superannuation

24 / May / 2007

Employers often make payments on behalf of their employees which are deducted from their pay. All pay deductions must be included in the Deductions List. The funds deducted must also be held in an appropriate Liability account pending payment.

MYOB includes a number of standard deductions.

To create a new Deduction category:

  1. Go to the Payroll Command Centre
  2. Choose Payroll Categories
  3. Select the Deductions tab
  4. Click New
  5. Enter the Deduction Name
  6. Choose the Linked Payable Account from the drop-down menu
  7. Choose the Calculation Basis:
    User-Entered Amount Per Pay Period – if you wish to manually enter a specific amount for each employee each pay
    Percent Of – the percentage of the chosen wage category will be deducted until the deduction limit is reached
    Dollars Per – to deduct a specified amount per pay period until the limit is reached
  8. Enter the deduction Limit:
    No Limit
    Percent Of
    Dollars Per
  9. Click the Employee button to select with a tick employees requiring this deduction
  10. Click the Exempt button to enable you to make the deduction exempt from Tax
  11. Click OK

For further assistance: Contact Melanie Jenkins
Download this MYOB Help Sheet with accompanying images to assist you with each step below…

PAYROLL DEDUCTIONS

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