A Pay Event is the core process for managing payroll in Exacc, allowing you to process regular pay runs, bonuses, one-off payments, or any other compensation for your employees. This comprehensive guide will walk you through creating a new pay event from start to finish, including all available options for customisation and modification.
The pay event system is designed to be flexible and efficient. For simple payroll processing with pre-configured settings, the entire process can take less than one minute. However, the system also provides extensive capabilities for detailed customisation, allowing you to modify pay details, manage multiple employee groups, handle timesheet integration, and control all aspects of payments, taxes, deductions, and superannuation.
This guide covers the complete workflow from initial setup through to finalisation, including how to send Single Touch Payroll (STP) reports to the ATO, e-mail payslips to employees, and generate ABA files for bank processing. Whether you are processing a routine fortnightly pay run or handling a special payment scenario, this guide provides all the information you need.
Congratulations! You have successfully created and finalised a pay event. All employee payments have been processed, STP reports have been submitted to the ATO, payslips have been distributed, and your ABA file is ready for bank processing. Your payroll records are now up-to-date and all compliance requirements have been met for this pay period.