STP Phase 2 introduces a greater level of granularity around reporting of payments. Paid leave is a particular area where there are complex rules around how a payment must be categorised for the purpose of reporting to the ATO.
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How does FastTrack360 recognise the type of leave being paid?
The Paid Leave Type field in the header of the Leave > Maintenance > Leave Type > Edit Leave Type screen, which is highlighted in the example below, defines how a leave payment, which is linked to the leave type, will be classified in STP reporting when leave taken is paid automatically paid in a pay batch.
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Leave Types, which are configured in FastTrack360 under Leave > Maintenance > Leave Type
For example, …
Leave type maintenance in the FastTrack360 Leave module will be enhanced so that any leave type that is assigned to the country of Australia will feature the ability to select, in the header of the leave type record, the paid leave type (P, W, A or O) to which that leave type record corresponds.
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