In MYOB AccountEdge, money paid to employees for labor or services is referred to as wages. Wages are determined on an hourly, salary or other basis. Some examples of wages are salary, bonus, commission and overtime. In addition, some other forms of payment, including some types of employee benefits, are also considered wages for tax purposes, and are referred to as non-cash wages. Company car benefits, excess life insurance and incentive travel costs are all examples of non-cash wages.
All types of employee payment, regardless of whether they're based in cash, need to exist in the AccountEdge system so you can pay your employees properly.
As you create a wage, you'll select employees that qualify for the wage, and you'll have the option of exempting the wage from tax and deductions.
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