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Home >> Frequently Asked Questions >> What Things Does Lightning Payroll Calculate?

What Things Does Lightning Payroll Calculate?

 

Lightning Payroll is able to calculate your employees Super, Tax and Leave Accruals out of the box.

Lightning uses the latest tax tables built in to calculate the correct tax amounts for each of your employees. To make sure the correct tax is calculated for your employee, make sure you enter their correct Tax File Number in the Employees > Tax Rates > Tax Settings.

Lightning will also take care of calculating your employees' holiday, sick and long service leave entitlements on a pay by pay basis. You can choose which settings you'd like to use when setting up a new employee and Lightning will take care of the rest. You can also enter existing leave balances for employees.

Finally, Lightning is setup to calculate the standard 9.5% Super Guarantee by default. You can alter these settings in Employees > Super.

 

Created: 2019-05-13 00:50:49

Last Edited: 2019-05-16 01:42:32


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