What are the correct multiplier decimals for the accrual of Annual, Personal and Long service Leave

What are the correct multiplier decimals for the accrual of Annual, Personal and Long service Leaves???

Comments

Hi Michael

The AL calculation is Total annual applicable Leave hrs (eg for 4 wks AL on a 37.5 hr wk, that's 150) / Pay period (eg 52 wks or 26 fortnights / Pay Period Total Hrs (eg 37.5 p/wk or 75 p/fn)

2 weeks PL is half this.

eg For a 37.5 hr week/75-hr fortnight:

AL = 0.07692 (The system rounds this off to 0.07694 - This is fine)
PL = 0.03847 (The system rounds this off to 0.03833 - This is fine) (For 2 weeks, this is half the AL calc)
LSL = 0.01667 (This is for WA, NSW, QLD & TAS - 8.6667 weeks entitlement after 10 yrs)

NOTE: LSL requires a slightly different calc for VIC, NT, ACT & SA as their LSL accrual & entitlement are different.

Michael O'Connor_7053891

Thanks So much Shaz.. Where do I load those figures into Reckon hosted.. so as to not have to enter seperately for each employee??

Acctd4

Hi Michael

You can set them as Employee Defaults in your Preferences (accessed under Preferences in the Edit dropdown menu), then:

Note: These defaults will only apply to NEW Employees that you create from this point so if you already have employees setup, you'll have to Edit each of their Leave sections individually.

Michael O'Connor_7053891

Thanks again Shaza.. for your brilliant help

Acctd4

You're very welcome Michael 😊

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