Question

What award information might be necessary for establishing and maintaining payroll systems? Discuss in 120–150 words, listing and describing at least six areas of information.

Answer 1

Payroll preparation takes place within designated timelines as per the guidelines with organisational procedures and policies. Employee entitlements need to be calculated, recorded and reconciled in accordance with legislative requirements thus it is important to keep relevant data. The award information required for establishing and maintaining payroll systems includes:

1) Pay period details such as bonus, casual wage, commission, contract, piecework, salary, wage.

2) Deductions and allowances such as meal allowance, health insurance, car allowance, superannuation contributions, travel allowance and union dues

3) Employee data such as employee detail, leave entitlements, superannuation details

4) Source data such as employee timesheets

5) Variation data such as holiday loading, sick leave, paid leave, overtime, unpaid leave, rates of pay

6) Tax details such as tax file number, tax declaration forms