Paid Annual leave loading hours reducing Annual leave hours

Bakerc
Bakerc Member Posts: 21 Novice Member Novice Member
in Reckon Accounts (Desktop)

Hi all

I'm using Reckon Desktop and since the change of STP2 and having to create two new Annual Leave Loading payroll items our holiday pay (annual leave) liability is being incorrectly calculated when we pay employee's leave and leave loading.

Both payroll items have the tick removed in "include in "Every hour worked" leave accruals.

But for some reason the leave loading hours paid is reducing the holiday entitlements.

I've done screen shots below of the payroll items, can someone please shed some light on what we are doing wrong.


image.png


image.png


Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @Bakerc

    I set up Leave Loading as an Addition because it's not hours-based but rather calculates (17.5%) on gross. If you enter the total gross amount of the annual leave component, it calculates correctly & doesn't incorrectly impact anything else:

    image.png

    😊

    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!)

Categories