An employee's salary can be calculated from an award table, or an individually entered amount. You can customise the factor used to calculate a pay period's salary from an annual amount.
An employee can have up to three different pay rates, which can be derived from an award table or individually entered rates.
Each of the three basic hourly rates can be modified by a factor to produce overtime rates at time and a half, double time, or any other factor you wish.
Leave Accruals and Payments
Kwik-Pay has the ability to add leave entitlements to employee balances on the anniversary of the employee's start date, or you can accrue leave on a pay period by pay period basis.
When the employee takes some of their leave entitlement, you just add a leave payment to their pay calculation screen.
Taxable and Tax-Free Allowances
A number of taxable and tax free allowance have been predefined in Kwik-Pay.
You can easily add more of your own. Each allowance can be based on the employee's hourly rate, the hours worked, a fixed rate per allowance or simply a cash amount you enter.
You can reimburse employee expenses in Kwik-Pay. The amount is paid tax free and is not reported on the employee's Tax Certificate.
Kwik-Pay does not restrict you to just paying employees. You can add sub contractors to your payroll and it will process VAT and Withholding Tax.
All the standard tax rates are built in with Kwik-Pay, and you can update them yourself if you wish. When rates change you will be offered an update to the software which includes the latest tax rates and enhancements to the system.
You can also override Kwik-Pay's PAYE calculation using a percentage rate of tax or a cash amount.
Employer and Employee Provident Fund Contributions
Kwik-Pay calculates both employer and employee provident fund deductions. Employer contributions are not used in the net pay calculation, but are included in the costing or general ledger report.
Multiple Employee Bank Accounts
An employee can have their pay direct credited to multiple bank accounts. You can direct credit either a fixed amount, a percentage of their net pay, or just the remaining net pay to any number of different bank accounts.
Third Party Direct Credits
With Kwik-Pay you can direct credit third parties with deductions from employee's pay.
As a service to employees you could deduct insurance premiums or mortgage payments and include the transactions in your direct credit schedule. Processing multiple superannuation providers becomes a lot easier.
Overheads such as accommodation and company contributions on behalf of employees can be added to the pay calculation and included in the costing report or general ledger journals.