Annual Leave Accrual In Reckon One only...

LWard
LWard Member Posts: 16 Reckoner Reckoner
edited July 2023 in Reckon One

I have a part time employee who has worked the following:

2 x 7.5 hour days in first fortnight

3 x 7.5 hour days in second fortnight and resigned.

Contract states she works 30 hours a fortnight. I have set her up on annual leave "per pay period" prorata and calculated it in the beginning as follows: 4weeks annual leave = 60 hours per year, therefore 60 divided by 26 fortnights = 2.307 hours accrued per fortnight, thus making her termination 2 x 2.307 hours paid out.

Boss claims this is wrong and I should have set her up as "per time worked" accrual in the beginning.....how do I calculate this please as I presume it will give me the same answer???

Would love a second set of eyes on this one please. :)

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,820 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited July 2023

    Leave accrues based on hours actually worked.

    Your calculation pays the employee based on her having worked 30 hours EVERY fortnight … But she actually only worked 15 hrs in the first one & 22.5 hrs in the second one (37.5 hrs total out of the expected 60) !

    I only ever set leave accrual as “every hour” for this very reason 😬

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

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

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

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • LWard
    LWard Member Posts: 16 Reckoner Reckoner

    Thanks Shaz....Reckon One does not have "every hour" option as I agree it would be preferable....I note you are experienced in Hosted....my query is for Reckon One...do you know what the equivalent is in Reckon One???

  • Robyn Kelly (Partner)
    Robyn Kelly (Partner) Accredited Partner Posts: 498 Accredited Partner Accredited Partner

    It's "Per Time Worked"

    Regards

    Robyn Kelly