Adding an eligible termination payment for an employee

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Adding an eligible termination payment for an employee

Select the Tools sub menu.

tools

Select the System Tools option.

systemTools

select the Employee Eligible Termination Payment option.

employeeEligibleTerminationPayment

Select the New option in the toolbar.

new

Select the required employee from the list displayed.

employeeListPopup

Select the OK button.

ok

Enter the exact date the payment is made in the Date of Payment field.

dateOfPayment

Enter the taxation details for the payment in the Total Tax Withheld, Taxable Component and Tax Free Component fields.

etpTax

Tick the options that apply to the payment. if you tick the Death Benefit option then you must also select an option from the Type of death benefit list.

etpOptions

Select the Save option in the toolbar

save