IMPORTANT INFORMATION FOR OUR RECKON USERS REGARDING SINGLE TOUCH PAYROLL PHASE 2

Click your respective product link below to learn more.

Annual Leave when paid monthly

BJAccountsBJAccounts Member Posts: 2

Hi. I have a business where the staff are paid once a month. It is usually one twelfth of the annual salary, but there are sometimes variations.

How do you enter the annual leave entitlement? I assume the accrual period is "per pay period", but what do I put in the "hours accrued per pay" as they are not paid hourly.

Staff often take a few days here and there, rather than weekly blocks.

I have always kept a spread sheet separately to manage this, but would like it to be done within Reckon.

Comments

  • ZappyZappy Accredited Partner Posts: 4,898 ✭✭✭

    If you use hours per month you can accrue 7.6924% of the hours work. Or you can use 7.6924% of the contract hours. Call me if you get stuck 0407744914

  • BJAccountsBJAccounts Member Posts: 2

    I don't put anything in the hours column. But I just tried that and it doesn't create any accrued hours.

    As the Payroll item is a Salary, not an hourly rate, and paid monthly, I can't seem to get anything to appear in the accrued leave - even if I edit the amount accrued per hour.

  • ZappyZappy Accredited Partner Posts: 4,898 ✭✭✭

    So why dont you set up the leave as an annual entitlement? And decrement it when you take leave? Call me if you get stuck

    Zappy

  • Acctd4Acctd4 Accredited Partner Posts: 1,531 ✭✭✭
    edited January 13

    Leave should not be accrued annually - it is earned as worked, otherwise an employee either would have 12 months worth (incorrectly) available in advance or (also incorrectly) wouldn’t have any leave accrued before 12 months.

    Best practice is always hourly, to allow for changes in hours worked affecting entitlement.

    @BJAccounts Check that you have the “Maximum number of hours” BLANK in the employee’s record.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

    * Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services Ballajura, WA

    0422 886 003

    [email protected]

    https://accounted4bs.com/

    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

  • ZappyZappy Accredited Partner Posts: 4,898 ✭✭✭

    Acctd4 that's not correct. The last place I worked our leave was credited annually on our service anniversary. Doesnt matter if it conforms with the alleged law.

  • Acctd4Acctd4 Accredited Partner Posts: 1,531 ✭✭✭

    What is legally correct (as stated above which is both as per Fair Work & state legislation) & what an employer actually does can unfortunately be contradictory 😖

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper *** (specialising EXCLUSIVELY in Reckon Accounts / Reckon Accounts Hosted!)

    * Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services Ballajura, WA

    0422 886 003

    [email protected]

    https://accounted4bs.com/

    (NB: Please mark your post as Accepted Answer/Answered if I have been able to resolve your query as this helps others when seeking solutions!)

Sign In or Register to comment.