Payslips – 10 things that must be included

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 & details of each deduction plus the name or name & number of the fund/account deductions paid into
  • Superannuation contributions – amount of contributions made during pay period plus the name or name & number of the super fund the contributions were made to

Bonus tip: Payslips can be either be printed out or be an electronic copy, but make sure employees can access and print their payslip in private.

Personally I love payroll and it’s become a bit of a specialty area for me.  I was a legal secretary for many years and used to watch the bookkeeper handing out payslips each week and think to myself “I would much rather be doing that”.  And here I am now working in, writing about and teaching payroll.

Do you process pays in your workplace or in your own business? Do you love it or hate it?

If you’ve enjoyed this post or any of my other posts then it would be great to connect with you on Facebook: Festival Bookkeeping.  Look forward to hearing from you!

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