I am not either of these professions, but I am the treasurer for a local community group, voluntary position, non profit group. Basically doing the role to help out in the community!
I need to write our employee a payment summary. I can't seem to get an answer for this one - is the total based on the pay week worked, or the payment date?
For example - if our employee worked on Saturday the 28th June, but was paid on July 1st, is that included on the payment summary? We are on cash, not accrual.
Thanks in advance!
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12-07-2014 09:58 #1
Help! Any accountants or bookkeepers online?
12-07-2014 10:40 #2
Bump, anyone? I can't call the silly ATO on a Saturday and I have to drop this off this morning!!
12-07-2014 10:43 #3
I'm not sure but my payslips are Mon-Sun and dated as such. I get paid on a Wednesday.
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12-07-2014 10:45 #4
12-07-2014 10:55 #5
12-07-2014 10:59 #6Senior Member
- Join Date
- Jun 2014
For payment summaries it's on a cash and not accrual basis
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12-07-2014 11:00 #7Senior Member
- Join Date
- Mar 2013
I'm not a tax accountant, I'm a company accountant. I have always thought and our program that we use (xero) only includes payments made in the financial year so I'm pretty sure you are doing the right thing
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12-07-2014 11:08 #8
Not an accountant but I work in payroll. Our work week goes from Wednesday to Tuesday and payment is on Thursday so if the 30th of June is on a Tuesday we would include it on the payg payment summary for the financial year worked even though they are not paid until 2nd of July.
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12-07-2014 11:11 #9
12-07-2014 11:12 #10
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