Changing employee to SALARY (from hourly pay rate) - Annual Leave Accrual Rate

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Sonya Herbert
Sonya Herbert Member Posts: 96 ✭✭
edited July 4 in Accounts Hosted

Changing an employee on to an annual salary, being paid on a weekly basis - what do i put the annual leave & personal leave accrual rate to - PER PAY? instead of hourly (no set hours on his pay - ive entered his annual salary & it's worked out on a weekly pay amount) - if so what is the rate PER PAY do i enter in?

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,025 Community Manager Community Manager
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    Hi @Sonya Herbert

    This post has been created under the Reckon Payroll software category, can I just confirm if that is the Reckon software you're actually using or are you using something else eg. Reckon Accounts Hosted?

    The only reason I ask is, your prior posts have been for Reckon Accounts Hosted.

    I need to create a post.. which category do I select?

    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Sonya Herbert
    Sonya Herbert Member Posts: 96 ✭✭
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    sorry, reckons account hosted payroll it should be under

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,587 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @Sonya Herbert Best practice is to always use 'per hour' accruals so it's always accurate even if hours change eg an employee starts/finishes, changes hours, takes unpaid time off etc

    Even for Salaries, it's always best to enter the actual hours each time on the Paycheque because you will need to enter specific hours taken there when they take leave anyway.

    NOTE: Entering hours against Salary Payroll Items has no impact on the gross total payment. The system will simply apportion the standard gross amount across the hours entered 😊

    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!)
  • Sonya Herbert
    Sonya Herbert Member Posts: 96 ✭✭
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    but they are on a annual salary amount - they don't do set hours.

  • Sonya Herbert
    Sonya Herbert Member Posts: 96 ✭✭
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    ive entered their annual salary - which is worked out as a weekly pay amount.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,587 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    The hours are entered purely to populate the leave accrual eg "38" - They don't affect any of the $ amounts & hours can be omitted from displaying on the payslip 😊

    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!)
  • Sonya Herbert
    Sonya Herbert Member Posts: 96 ✭✭
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    THANK YOU - HAVE FIXED THIS UP NOW

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,587 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Good to hear @Sonya Herbert 👏🏻👍🏻

    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!)