Long Service Leave Accrual Rate - needs to be amended

KellyH

Someone has previously entered the Long Leave Leave Accrual rate in a few of the staff members employee section in Leave Details - Other 1 as 0.01528 hours accrued per hour worked but it needs to be 0.01538 and when I go and try and change it, it reverts back to 0.01528.  Should I be changing this figure in a different section to the staff members actual employee info?

And also is the 0.01538 the correct rate that Long Service leave should accrue on and if so how do I change it in the leave details -Other 1 section? 

And then if i do change it will Quickbooks recalculate the Hours available to the correct figure or do I need to amend it manually and if that is the case how did I work that out to enter the correct figure.

Please help.

Acctd4

Hi Kelly

 

Provided the “Other 1” tab has been setup for LSL, that’s the correct section.

The correct rate will depend which state you’re in (eg In WA, it’s 0.01667 hrs p/hr worked)

 

Depending on the amount entered, RA/RAH will sometimes round the figure – it does it with Personal Leave accrual too – rounding 0.03847 to 0.03833.  This is fine.

 

The system will only calculate in real time so if you correct it now, the accrual will be correct going forward, however the existing balances will remain.  Once you’ve determined the correct balances for each employee, you can override the current “Hours available as of …” balances on that tab for each employee.  (Be aware of the “as of” date when working them out!)

 

Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com