Annual Leave when paid monthly
Hi. I have a business where the staff are paid once a month. It is usually one twelfth of the annual salary, but there are sometimes variations.
How do you enter the annual leave entitlement? I assume the accrual period is "per pay period", but what do I put in the "hours accrued per pay" as they are not paid hourly.
Staff often take a few days here and there, rather than weekly blocks.
I have always kept a spread sheet separately to manage this, but would like it to be done within Reckon.
Comments
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I don't put anything in the hours column. But I just tried that and it doesn't create any accrued hours.
As the Payroll item is a Salary, not an hourly rate, and paid monthly, I can't seem to get anything to appear in the accrued leave - even if I edit the amount accrued per hour.
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Leave should not be accrued annually - it is earned as worked, otherwise an employee either would have 12 months worth (incorrectly) available in advance or (also incorrectly) wouldn’t have any leave accrued before 12 months.
Best practice is always hourly, to allow for changes in hours worked affecting entitlement.
@BJAccounts Check that you have the “Maximum number of hours” BLANK in the employee’s record.
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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What is legally correct (as stated above which is both as per Fair Work & state legislation) & what an employer actually does can unfortunately be contradictory 😖
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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