> Processing termination payments
Processing termination payments
Before you terminate an employee’s employment, you need to calculate any termination amounts you owe—for example, how much you owe the employee in accrued holiday pay.
Before you begin this procedure, check the relevant government legislation or employment contract for exact details of what needs to be paid to the employee on leaving your company.
Task
1
Determine any outstanding entitlements
2
[Optional] Create payroll categories for termination payments
3
Process a paycheque for the final pay
4
Terminate the employee in the Card File
5
Print the employee’s P45
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