FNSTPB402 - Establish & Maintain A Payroll System & Modern Awards And Employee Agreements - Accounting Assignment Help

Assignment Task -                 
 

Assessment Range and Conditions:

This is a take-home assignment that should be attempted by yourself with reference to the textbook, although you may have access to the ATO’s website, discuss with your peer students/colleagues, and/or seek your teacher’s clarification if necessary.

The completed the MYOB data file and PDF documents/reports to be uploaded to eLearn Assessment Criteria: To achieve a Satisfactory result, your assessor will be looking for your ability to demonstrate the key skills/tasks/knowledge detailed in the Assessment Task to industry standard.

• Payroll data is identified, calculated, and recorded correctly.

• Regular payments for salaries, wages, PAYG(W), and other required amounts are processed and reported accurately in a timely manner.

• Common payroll inquiries can be answered correctly.

• Payroll data is maintained properly.

• Legal requirements associated with established and maintaining a payroll system are determined and applied

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 them into eLearn. These are the only reports to be submitted. You are also required to upload your data file after completing all tasks.

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 set up 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. Create a new company MYOB data file for this assessment by starting with an accounts list provided by MYOB select industry, Retail, Company Name Home Appliances -Your Name, ABN 98 999 999 999, add other details, for example, the address, bank account, etc of your own choice. Use Current year/Payroll Year 2019, conversion month May 2019.

Enter opening balances as follows:- (Adjust/create Chart of Account where necessary) 1-1110 East Bank Account $12 000 Debit 3-1000 Owners/Shareholder Capital $12 000 Credit Agest Super is the default super fund 35 hours in a full-time week.

Note: Home Appliances pays to Leave loading when an employee takes leave

Research the Clerks Private Sector Award 2020 (MA000002) from the Modern Awards List on the Fair Work Commission website and answer the following -

1. What is the definition of a full-time employee?

2. What is the definition of casual employment?

3. What is the minimum weekly wage for a Level 2 Year 2 employee?

4. What is the minimum weekly wage for a Level 5 employee?

5. Name three allowances under this award?

6. What are the ordinary hours of work for day workers?

7. When setting up new employees in payroll software for example AccountRight - List three (3) important considerations from your research.

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