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GMJ
Level 2

How do i setup four weekly payruns?

I temporarily changed the payruns to four weekly to make it easier to calculate the payruns.

is there a way i can add it in as i can only see the options of weekly, fortnightly and monthly.

i dont want to do fortnightly twice.

Solved
Best answer July 29, 2020

Best Answers
Ken - Product Champion
Content Creator

How do i setup four weekly payruns?

Hello GMJ,

 

Provided that the proportional figures for each time period are lodged, then that will still work. 

 

When it comes to Single Touch Payroll, the date range of the pay run itself isn't factored into the lodgement. The main details are the date when the pay run is paid, and the financial details.

 

If you include a relevant period in your pay run and adjust the PAYG accordingly as suggested above, then it will still lodge to the ATO.

 

-Ken

View solution in original post

4 Comments 4
Kass_B - Product Champion
Content Creator

How do i setup four weekly payruns?

Hi GMJ,

 

Pay run schedules in QuickBooks Online payroll are based off the Pay As You Go tax tables set by the ATO. The ATO only provides tax tables for weekly, fortnightly and monthly schedules; as such, if you are paying your employees every four weeks the closest option you will have is the monthly pay schedule.

 

You should still find that the PAYG and so on is calculated correctly for you in the pay run, and can use the ATO's monthly tax withheld calculator here to check if you are unsure. Simply enter the total amount you are paying the employee into the tool to check if this reflects the same amount as the pay run calculates. If you are entering in amounts that will not calculate correctly (eg, your pay run is monthly however the total hours you are entering exceed a month's earnings) you can still manually adjust the PAYG if required.

 

  1. In the pay run, after entering in the employee's earnings, select the green Actions button for that employee.
  2. Select Adjust PAYG and enter the amount you wish to adjust by. If you need to reduce the PAYG calculated enter a negative figure, and if you need to increase the amount use a positive figure.
  3. Select Save and then proceed to adjust any other employees as needed.

 

-Kass

GMJ
Level 2

How do i setup four weekly payruns?

Thank you for the response.

 

does that mean it doesn't really matter if a few days overlap?

 

for example, if I claim for the 4 weeks between the dates 17/07/2020 to 16/08/2020

then i claim for the 4 weeks between the dates 12/08/2020 to 11/09/2020

 

Will there be any issues when i complete it or file the STP?

obviously i will be not submitting any pay for duplicate dates but just that the pay period is overlapping slightly.

 

Thank you.

Ken - Product Champion
Content Creator

How do i setup four weekly payruns?

Hello GMJ,

 

Provided that the proportional figures for each time period are lodged, then that will still work. 

 

When it comes to Single Touch Payroll, the date range of the pay run itself isn't factored into the lodgement. The main details are the date when the pay run is paid, and the financial details.

 

If you include a relevant period in your pay run and adjust the PAYG accordingly as suggested above, then it will still lodge to the ATO.

 

-Ken

View solution in original post

GMJ
Level 2

How do i setup four weekly payruns?

ok, thank you for the information.

 

it is greatly appreciated!