How do I correct the Holiday Pay and Annual Leave figures?


You will need to enter a correcting pay to balance off each Paycode. For example if $500 was paid out of Holiday pay you need to enter 1 HP @ minus $500, and the required number of annual leave hours at the required rate e.g. 50 hours at $10. If entered correctly the balance should be nil with zero tax to pay. Finalise this pay to correct the paycode balances.

The same technique can be used to correct annual leave balances if, for example, Annual leave was mistakenly paid using the Ordinary Time (ORD ) code.

Leave Details Normal Hours per week. Answer The normal hours/days per week field is used to calculate the annual leave allocation. For example an employee with 8% holiday pay is due 4 weeks of annual leave, if their normal hours per week is set to 40 they annual leave allocation is 160 hours.

When deciding what the normal hours per week are, it is helpful to ask the question ” If this employee has a day (or a week) off sick, how many hours would you pay?” The answer generally indicates what the normal (or standard) hours per week would be.

The normal hours/days per week figure also affects the calculation of the annual leave rate. The Normal Hours/days per week figure is used to calculate the Ordinary Weekly Pay.#adp01

Lynley Averis

Lynley is an MYOB Certified Consultant & has been involved in training in New Zealand since 1985. She's written various accounting & MYOB workbooks including co-authoring “Bookkeeping for Dummies”. She has consulted on all versions of MYOB Accounting, Retail and Payroll over the past 18 years and has previously worked for MYOB. She currently consults to NZ businesses on all aspects of business systems - her mission for clients is for them to spend as little time as possible doing accounting!