^Login

Frequently Asked Questions

Authors
Category   Billing   Employee   Employee Profile   Employee Settings   EOFY   Fingerprint   Fingerprint Scanners   General   Glossary   Groups   HR   Jobs   Leave   Mobile App   Notification Config   Payroll   Payroll Rules   Reports   Roster   Security   Settings   Skills Matrix   STP   Superannuation   Timesheet   VEVO   Xero

How to process an Employee Termination Payment or ETP payment for an employee?

Author Samantha Haigh@Microkeeper
Category Payroll
Last Modified 05/09/2024

An Employee Termination Payment (ETP) outside of unused leave can be added as a payslip item in the Payments area of the payslip. Unused leave ETP payments can be added by using the Final button on the employee's payslip.

Before adding an ETP payment, its recommended to first identify the ETP type code for STP purposes. Review the different ETP types here. Also see the ETP tax reporting limitation within the STP guide.

Click the    Plus button located on the right side of the Payments area. An "Add Payment" window will appear. 

Fill in the values as needed:

  • Title: This will be the Title that appears on the employee's payslip. E.g. "ETP Payment"
  • Job: The job allocation of the payslip item if needed.
  • Class: The classification of the payslip item. Refer to this table for more information.
  • STP: Select the ETP type code. See this table for descriptions of the ETP type code options.
  • Rate: The rate to be paid.
  • Hours: The number of hours to be paid.
  • Multiplier: The multiplier of the rate to be paid.

Any tax-free ETP payments will need the tax value to be adjusted as Microkeeper currently does not automatically calculate ETP tax-free payments