Pay rate increases often occur at the beginning of a new financial year, especially if there are changes to thresholds such as minimum wage. Here's how to update this in our system.
Updated: February 2024
If your pay rate is changing at the beginning of a pay period, all you need to do is change the pay rate for the first pay run of the new financial year.
Create a new pay on the pays dashboard and switch on the employees you want to include in this pay run as usual.
To update pay rates, go to Employees and select 'Standard Pay' from the dropdown menu. This will take you to their pay rate settings. You can update different employees by selecting them from the list and saving each change.
- Update the standard pay rate to the new rate and 'Save' the tab.
Now complete the timesheet as usual.
2. Select 'Standard pay' from the dropdown menu and you are good to go!
a. If you see 'Standard pay (-1)' in the pay category, this is because the system is picking up the previous pay rate. Select 'Standard Pay' from the dropdown menu to use the new rate if you did the timesheet in advance and want to apply the new pay rate.
If your pay rate is changing in the middle of a pay period, do not worry. We have a fix for that too! Find out how to change the pay rate during a pay period with our simple, step-by-step article.
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