Email your MYO file to your supervisors email Your teachers email 1 mark

Email your myo file to your supervisors email your

This preview shows page 46 - 50 out of 52 pages.

Email your MYO file to your supervisor’s email (Your teacher’s email). (1 mark) Checklist for Trainer: Student emailed MYOB file Correctly entered company name and details Correct financial year and payroll year Starting day of the week is Monday Payroll was processed on Monday Business Activity Statement, Assessment 1, v1.1 Page 46
Image of page 46
Check Standard Pay details for all correctly entered data Attached 2 payslips & 2 pay cheques printed from MYOB file Printed and attached payroll liability report Printed and attached payroll tax report if applicable Printed and attached payroll journal Student met all requirements of Task 16 Student did not meet all requirements of Task 16 Task 17 (1 mark)- Reconciliation Reconcile the payroll for the month To reconcile the payroll, you will need to do the following: Print a Payroll Register Report for the month Print a Profit & Loss Statement for the month Print a Balance Sheet for the month Using an appropriate format given below, reconcile your monthly payroll and submit the completed reconciliation as part of your Assessment. Reconciliation: Blood & Bone Medical Fund General Ledger Balance as per - see BS 0 Payroll Summary Report 0 Difference 0 F&C Union Fees General Ledger Balance as per see BS 1.54 Business Activity Statement, Assessment 1, v1.1 Page 47
Image of page 47
Payroll Summary Report 1.54 Difference 0 Superannuation Deduction General Ledger Balance as per - BS 1,623.86 Payroll Summary Report - Super Deductions Payroll Summary Report - Super Expense 1,623.86 Difference 0 Business Activity Statement, Assessment 1, v1.1 Page 48
Image of page 48
PAYG General Ledger Balance as per - BS 3,986.00 Payroll Summary Report - Tax 3,986.00 Difference 0 Task 18 (1 mark)- Handle Payroll Queries You are required to answer the following questions in short written answer form. Dot point is also acceptable if all parts of each question are answered. 1. The Manager is checking the cash flow for the period and can’t find the figures for the payroll to date this month. He asks you to provide him with the following information: The superannuation payable on the staff wages for the two weeks The PAYG tax payable for the two weeks What figures would you provide to the Manager? 2. An employee has contacted you requesting details of his total superannuation payments. He also requested, on behalf of his wife (Also works in the same organisation), details of her total superannuation payments. He would like a total year to date figure for him and his wife. What advice would you provide? 3. An employee has advised that she may need to take some additional personal leave for a hospital stay in the next few weeks. She thinks she might need to take about two days for the hospital stay and maybe another day or two after that at home. She asks you to check that she will have enough personal leave.
Image of page 49
Image of page 50

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture