Add Adjustment ETP

In this example, Wendy Buller was terminated on 03/07/2015 and she received a redundancy payment of $1,000. Now you need to add an extra $500 golden handshake to her termination transactions on 09/08/2015.

This topic shows how to add Wendy's "AD. Adjustment" Employee Terminations record for this amount.

1. On Wendy Buller's ETP tab, open her OR. Original Employee Terminations record (1090 Redundancy).
2. Switch to Edit mode.
3. Right-click the record to see the menu, and click Add Adjustment.

   Exolvo automatically creates a new Employee Terminations record and populates most fields with values from the original record. For example:

   Field	Value
   Termination date	03/07/2015
   Termination reason	REDUNDANCY

   Exolvo also adds the following read-only values:

   Field	Value
   Employee termination type	AD. Adjustment
   Termination being adjusted	1090 Redundancy
   Status	UNCONFIRMED

4. Enter the following values on the Details tab:

   Field	Value
   Description	1090 Golden Handshake
   Date of payment	09/08/2015
   Important: The Date of payment of the adjustment must be in the same tax year as the original payment.

   

5. Enter the following amount on the Employment Termination Payments tab:

   Field	Amount
   A gratuity or golden handshake	500.00

   

6. Save Wendy's adjustment Employee Terminations record.

   Exolvo recalculates ETP components and tax to be withheld.

   If you need to pay out leave credits that were not included in the original record:

   1. Switch to Edit mode.
   2. Right-click the adjustment record, and click Get leave credits payable on termination.

      Exolvo copies across leave credits owing that have Payout Method = "ETP".

   3. Check that all leave credits are included with the correct balances at time of termination.
   4. Save the adjustment record to recalculate ETP components and tax.

   If you need to pay out unused sick leave that was not paid out in the original record:

   a. Switch to Edit mode.

   b. Manually enter the employee’s sick leave rates and accruals at time of termination.

   c. Save the adjustment record to recalculate ETP components and tax.

7. Confirm Wendy's adjustment Employee Terminations record so it can be linked to a termination transaction in a manual pay.

   Note: You can also add adjustments in a standard pay, but you have to ensure that the employee does not receive any extra transactions through payroll rules when you process the pay.

8. Open a manual pay for the appropriate pay period, such as the weekly period ending 11/08/2015.
9. Access Transaction View for this manual pay.
10. Customise Transaction View so you can view terminated employees. See Minimising Incorrect Payments for Terminated Employees.
11. Start to add Wendy Buller's transactions.
12. When the following warning message appears, click Yes to continue.

    

13. Add Wendy Buller's transactions:

    Pay Header with Days worked this period = 0.0000

    504 - Post-termination payments (accept the default values). See Minimising Incorrect Payments for Terminated Employees.

    

14. Save your changes, and then fully process and close the manual pay.

    Exolvo updates the Employee Terminations adjustment record with the manual pay sequence number.

15. Run payslips and make payments.
16. Generate a PGPRTAXA092A: ETP Payment Summary (self print) v5.2 report and send it to the employee.

    Note: If the whole payment is tax-free, you do not have to generate this report. If the payment is a "Death to Trustee" ETP, send the report to the trustee of the deceased estate.

17. At tax year-end, generate a PGPRTAXA093A - PAYG Withholding Payment Summary Annual Report v11 that includes the adjusted termination payment.

Topic: 30392