How to add opening balances in Payroller
Learn how to add any opening balances in Payroller with our simple guide below.
The employees that you are entering may have worked for you for a while or you may be changing software providers for STP.
Entering any figures in the Opening balances will add these totals to the YTD of an employee payslip depending on the ‘As at’ date
Because of that, they might already have some balances.
Step 1: To enter these balances, go to ‘People’.
Step 2: Click the settings icon on the relevant employee.
Step 3: Go to ‘Opening Balances’
Step 4: Enter the balances as needed.
You will need to make sure that the ‘As at’ date is correct as this will determine which financial year and pay run the opening balances will be added into.
If you set the opening balances and created a pay run but realise that you have made a mistake you can go back into opening balances, edit the amount, save, and make sure to edit the pay run and resubmit so that it will update with the new figures.
In the Opening balances section, you will have the option to add the following balances.
Accumulated annual and sick leave balances
YTD values: Ordinary time earnings, overtime, bonus/commission, director’s fee, Super salary sacrifice, tax, super guarantee employer contributions (RESC), and reimbursement
Paid Leave: Ancillary and defence leave, paid annual, sick and long service leaves, paid parental leave, and worker’s compensation
Allowances: JobKeeper Top-up, award transport payments, Cents per kilometre, task, laundry, overtime meal, qualification, travel and accommodation, tool, and other allowances
Deductions: Pre-tax and Post-tax fees, workplace giving, Child support garnishees and child support deductions
Taxable Fringe benefits
You can also minimise Paid Leave, Allowances, Deductions, and Fringe Benefits by selecting the arrow next to each title.
Step 5: Click ‘Save’.
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Find more tips on how to get the most out of Payroller with our Quick Overview guides.