Annual Leave Accrual In Reckon One only...
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
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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
(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!)
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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???
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It's "Per Time Worked"
Regards
Robyn Kelly
2
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