How to Pay Out Annual Leave on Termination in Xero Payroll

In this lesson, we show you how to cash out annual leave at any time in Xero payroll while ensuring tax and superannuation are calculated correctly. 🚀 THE ULTIMATE XERO COURSE - Master Xero without getting stuck with our comprehensive course: https://www.ultimatexerocourse.com.au 🔥 SPECIAL XERO OFFER - Get 90% off for 6 months using this link: https://bit.ly/ytxero90 (Terms & Conditions Apply) ►► Click here for the entire playlist:    • Xero Payroll Course - Australia (20 Lessons)   ►► Click here for the first video in this playlist:    • How to Set Up Your Xero Payroll Settings (...   Terminating an employee in Xero involves more than just setting an end date; you must accurately calculate the final hours worked along with any accrued but unused annual leave. We will guide you through the process of using the "Set as Final Pay" feature within a pay run, which allows Xero to automatically calculate the leave payout and apply the correct marginal tax rates as per ATO requirements. You will also learn how to handle the distinction between leave accrued before and after specific dates and how to ensure the final payslip is STP-ready for a clean departure. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚖ DISCLAIMER Information provided in our videos does not constitute financial, taxation, legal, business or other professional advice. If you make a purchase through an affiliate link provided we may receive a commission. We do not accept any responsibility or liability for purchases made through third-party vendors, websites, or services. It is your responsibility to review and understand the terms, conditions, and policies of third parties before making any purchases. Any offers mentioned in our videos are correct at the time of recording and may not be available forever. While some of our videos are sponsored, all information and opinions are our own and are unbiased. #TheBookkeepingChannel #Xero #XeroPayroll #PayrollTutorial #STP #XeroAustralia