Holiday hours owing
Does the holiday hours showing on a balance sheet mean that that is the hours owed to the employee
Answers
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Dear @Jenny Byrne ,
If it's showing on the Balance Sheet, then that is the amount of hours an employee has taken, and has been paid in Leave.
Kind regards,
Alexander McKeown
Reckon Senior Technical Support
Alexis McKeown
Reckon Senior Technical Support
Working hard since 20180 -
Alexander, the amount shown on my balance sheet is the hours owed to the employee. So what have I done wrong
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Your balance sheet is correct … A balance sheet shows the liability (eg what is owed) Once it’s “ paid” eg on a Paycheque, it’s an expense (on the P&L)
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Thanks Shaz.
I am finalising the books to hand over to the accountant.
The business is winding down and I have almost retired.
I appreciate the help you have given me and others over the years. You certainly know your stuff.
Jenny😀
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Alexander McKeown was wrong. Shaz told me the correct answer
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