What employee records do I need to maintain?
With MYOB Payroll, you automatically end up maintaining most of the basic information that you’re required to keep by law, such as the award the employee works under; whether they work part-time or full-time; when they first started working for you; and the number of hours they work every week.
However, if your employees work under an award where they could be entitled to overtime if they work more than a certain number of hours each day, you also need to maintain timesheets noting their start times, finish times and breaks. Usually, the most practical approach is to create a standard form using a word processor or spreadsheet and ask employees to complete their own timesheet on a daily basis.
For a complete summary of your record-keeping obligations, look up the Paperwork link found under the Employer Obligations page at www.business.gov.au.
The contents from this page are taken from the MYOB Payroll eBook series, by Veechi Curtis, available online for only $9.95 each.
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