FNSTPB402: Establish and Maintains Payroll Systems - Accounting and Finance Assignment Help

Assignment Task:

Task:

INSTRUCTIONS
You are required to process employee pays for the month of June 2019. Complete end of year processes to generate payment summaries. Clear all payroll liabilities. Convert the following reports to PDF and upload into eLearn. These are the only reports to be submitted.

You are also required to upload your data file after completing all tasks.
1. Payroll Summary YTD 2019 (found under Payroll Categories in the payroll reports)
2. Balance Sheet for June 2019;
3. Entitlement Balance [Summary] for the year ended 30 June 2019;
4. Payment summaries for all employees
5. Journal Security Audit for June, including your user ID
6. MYOB Data or zip file
BUSINESS INSTRUCTIONS - SCENARIO
Home Appliances
Home Appliances is a home appliance dealer that employs staff and adheres to the General Retail Industry Award 2010 under the Fair Work requirements.
Until the end of May 2019 they were using an excel spreadsheet to record the pays and keep the accounting records but have decided to convert to MYOB. You are required to create the MYOB file. Enter opening balances into the file. Then you are required to setup the employee card files and their balances as at 31/5/19. Then process employee pays for the month of June 2019 and generate the required reports to upload into eLearn.

Task 1 : Complete the setup of the following payroll categories and add information as required
Payroll Categories - Wages
Annual Leave Pay Auto Adjust Base Hourly or Salary Details
Personal Leave Auto Adjust Base Hourly or Salary Details
Annual Leave Loading Hourly

Regular Rate x .175 (Taxed)
Car Allowance Hourly, Fixed Hourly rate x $0 .66

Link to a car allowance account in expenses in ledger
not taxed, no superannuation to calculate
Commission Type - Salary, taxed, superannuation to accrue

Payroll Category - Deductions:
Health Insurance User-entered Amount per Pay

Payroll Category - Entitlements:
Annual Leave accrual
(Salaried Staff)

Equals 140 hours per year (35 x 4) - Print on Pay Advice
Linked wage category is Annual Leave Pay

Personal Leave accrual
(Salaried Staff)

Equals 70 Hours per Year
Linked Wage Category is Personal leave - Do not print on Pay Advice

Annual Leave accrual
(Hourly paid Staff)

Equals 7.692% of gross hours
Linked wage category is Annual Leave Pay
Exempt - Annual Leave Loading / Back Pay / Overtime / Unused leave
Print on Pay Advice

Personal Leave accrual
(Hourly paid Staff)

Equals 3.846% of gross hours
Linked wage category is Personal leave
Exempt - Annual Leave Loading / Back Pay / Overtime / Unused leave

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