When processing payroll, additional checks within the system have been installed and will be performed when ‘Accept Batch’ is selected. This is to make sure that Year To Date (YTD) values for an employee are not negative as the Australian Tax Office (ATO) won’t accept it. The checks will be performed against:
- Income
- Tax
- Superannuation Tax Free Termination Payment
- Superannuation Taxable Termination Payment
- Tax Termination Payment
- Lump Sum A Payment
- Lump Sum B Payment
- Lump Sum D Payment
- Lump Sum E Payment
- Allowance
- Deduction