What is the LSL accrual calculation on a fortnightly basis?

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Kathyd
Kathyd Member Posts: 93 ✭✭

Hi

If we pay fortnightly and due to the way our Payroll is set up could you please advise what is the L/S/L accural calculation on a fortnightly basis.

I have it calculated at 0.01667 hrly or 1.27hr per fortnight to equal 8.6667 wks after 10 yrs.

True fortnightly calc would be 1.2667 but Reckon only goes to 2 decimal places unless this can be changed?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,587 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Yes, 0.1667 is correct. The decimal places are fixed but it isn’t really an issue as it equates to such a minimal amount (eg minutes)

    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!)
  • Kathyd
    Kathyd Member Posts: 93 ✭✭
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    Thanks for checking the calculation