setting up payroll for holiday accrual how many hours per pay do i give them
Depends on their weekly hours
formula is 38 X 4 = 152
if accruing by week 152 divided by 52 = 2.923 per week. If weekly hours are 20, substitute 20 for 38
It works better if you accrue per hour 0.07694 for holiday and 0.03833 for sick leave and I use a spreadsheet to reconcile it with Reckon because when somebody mucks it up in Reckon then it's a nightmare to try and fix it. If you need the Accrual spreadsheet email me on [email protected]
I have done both over the years, people who always work. the same hours per pay is fine. Flexible hours definitely better per hour. Up to the individual
Kris yes but your approach is still less than half an answer. A fixed rate is almost inevitably going to cause problems somewhere down the track. The correct approach is to use the percentage of ordinary hours in line with the FTE laid out in the NES. Ive never had a problem either. Not in 23 years. And Reckon can implement this very easily. Why would you compromise?
I don’t compromise I simply answered the question- how much to accrue per pay
Yeah, but did you? Really. It fits a lot of situations. Not all of em. What if people work odd hours?
I also said I use both methods depending on employment
Now i'm very confused people
Accruing by hour is a good idea and does have advantages if people do not always work the same hours. Take Charley’s advice and if unsure avail yourself of his offer and email him. It’s simply a case of setting up leave to accrue by hour as opposed to by pay
Gail just use the accrual by ordinart hour. Its the simplest method. You need 7.6923% of ordinary hours. Call me if you get stuck 0407744914
Both Zappy & Kris are are referring to the same thing but are just using different terminology!
I totally agree - I ALWAYS set all leave to accrue per hour. That way, it always calculates correctly regardless of what hours are worked 😊
Shaz Hughes Dip(Fin) ACQ NSW, MICB
0422 886 003
Also in the payroll item set up is PAYG and state pay roll both ticked ?
Yes, leave payments are generally part of gross wages & taxable.
Acctd4 i agree with me too
Gail Hi. You shouldn't be. Call me I can fix this. It really isn't complicated if you understand the concept.