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How do I use the Lump Sum Wizard?

Wagemaster has a lump sum payment wizard in Wages, Timesheet which allows for the payment of a lump sum item with tax calculated at marginal rates. The lump-sum wizard is useful for bonus payments, commissions and back pays.

Using the Lump Sum Wizard in Wagemaster 

The lump-sum payment wizard is available in Wages > Timesheet > Next to get to the Adjustment Screen. The adjustment screen allows for the payment of a lump sum item with tax calculated at marginal rates over a specified time period. The lump-sum wizard is useful for bonus payments, commissions and back pays.

Go to Wages > Choose the Employee > Click on the time sheet > Next > Select Lump Sum > Click Add.

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Next> Select a description of the payment form the list or type your own description> Next

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Enter the lump sum value to be paid. If superannuation guarantee is to be calculated on top tick ‘Include in Superannuation Calculation’.

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Click Next. Tax can be selected to calculate marginally based on a number of pay periods or a number of payslips. Select the date range. Select either Use PPE Count between select dates or Use employee payslip count between selected dates. Click Next.

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A Summary of the tax calculation will be shown. Click Next.

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(Summary Details can be printed. These details will be saved in the employee file under>Employment>Notes)

A short summary of the payment will be shown. Click Finish to complete the wizard and return to processing the payslip.

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A Departmental > Lump Sum Payment report has been created and can be located in Reports > Department > Lump Sum Payments. These items will also appear in the allowance column of the Gross Payment Reconciliation report and Payroll Cross-Check reports.

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