What is the LSL accrual calculation on a fortnightly basis?
Kathyd
Member Posts: 99 Reckoner
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?
0
Comments
-
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
(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!)
0 -
Thanks for checking the calculation
1
Categories
- All Categories
- 6.7K Accounts Hosted
- 16 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 8 📢 Reckon Accounts Desktop - Announcements
- 1.5K Reckon Payroll
- 35 📢 Reckon Payroll - Announcements
- 15 Reckon Payroll Help Videos 🎥
- 28 Reckon Mate App
- 2.7K Reckon One
- 12 📢 Reckon One - Announcements
- 12 Reckon Invoices App
- 22 Reckon Insights
- 100 Reckon API
- 308 Point of Sale
- 1.9K Personal Plus and Home & Business
- 74 About Reckon Community