Payslips – 10 things that must be included

payslips

Simple but excellent tips for pay slips, especially for novice business owners or small business owners who have loads to think about already. Thanks to Sarina from Savvy Bookkeeping for this great post.

The savvy bookkeeping blog

Payslips

I’ve noticed that whenever someone in a movie is being set up on a blind date, it is always with “such and such from payroll”…which is followed by an eye-roll and much protesting.  Are payroll people that bad? We do, after all, process your pays – shouldn’t you be nice to us?

But I digress, this post is about the 10 things that must be included on payslips in Australia.  And here they are:

  • Employer’s & employee’s name
  • Employer’s ABN if applicable
  • Pay period that is covered in that pay
  • Date of payment
  • Gross and net pay
  • Hourly rate employees – ordinary hourly rate, number of hours worked & total dollar amount of pay
  • Loadings, allowances, bonuses, incentive-based payments, penalty rates or other paid entitlements that can be separated out from an employee’s ordinary hourly rate
  • Pay rate that applied on the last day of employment
  • Deductions – amounts &…

View original post 176 more words

Comments
2 Responses to “Payslips – 10 things that must be included”
  1. Penelope, thanks for stopping by and spreading the “bookkeeping love” LOL. Appreciate your support of the savvy bookkeeping blog & hope your readers find some tips that they can implement.

    Like

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