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Setup Base Pay Rates

This video takes you through:

  • What is Base Pay Rate?
  • How to work out a Base Pay Rate amount
  • How to create a Base Pay Rate in Wagemaster

Prefer to read instructions instead? See below...

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The Base Pay Rate is used to calculate each employee’s pay. Base Pay Rates must be setup before setting up the employee record.

To set up a new Base Pay Rate:

  1. Click Setup
  2. Click Base Pay Rates

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  3. Click Add

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  4. Enter a description and the new Base Pay Rate. (See below table on how to calculate the base pay rate)

    • Description: Enter a generic name to identify the group of workers who will be paid this rate
    • Amount: Enter the rate your worker will be paid. This will be displayed to 4 decimal points
    • Code: Leave blank
    • Click OK.

How to work out a Base Pay Rate:

  1. What is the pay period the employee is paid on in Hours? e.g. 80 (2 weeks at 40 hours per week)
  2. What is the Gross Pay for this period? e.g. $1000 per fortnight 
  3. Divide the figure in the Gross Pay Period by Hours for the period.
  4. This is your Base Pay Rate (1000/80 = 12.50)

Please Note: If your employees work on a piece rate, e.g. fruit pickers/shearers, then you can use the taxable allowance option.

 

Continue to the next step: Setup New Tax Tables (if required)

or skip to Setup Bank Accounts

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