Changing employee to SALARY (from hourly pay rate) - Annual Leave Accrual Rate

Changing an employee on to an annual salary, being paid on a weekly basis - what do i put the annual leave & personal leave accrual rate to - PER PAY? instead of hourly (no set hours on his pay - ive entered his annual salary & it's worked out on a weekly pay amount) - if so what is the rate PER PAY do i enter in?

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Rav

Hi @Sonya Herbert

This post has been created under the Reckon Payroll software category, can I just confirm if that is the Reckon software you're actually using or are you using something else eg. Reckon Accounts Hosted?

The only reason I ask is, your prior posts have been for Reckon Accounts Hosted.

I need to create a post.. which category do I select?

Sonya Herbert

sorry, reckons account hosted payroll it should be under

Acctd4

Hi @Sonya Herbert Best practice is to always use 'per hour' accruals so it's always accurate even if hours change eg an employee starts/finishes, changes hours, takes unpaid time off etc

Even for Salaries, it's always best to enter the actual hours each time on the Paycheque because you will need to enter specific hours taken there when they take leave anyway.

NOTE: Entering hours against Salary Payroll Items has no impact on the gross total payment. The system will simply apportion the standard gross amount across the hours entered 😊

Sonya Herbert

but they are on a annual salary amount - they don't do set hours.

Sonya Herbert

ive entered their annual salary - which is worked out as a weekly pay amount.

Acctd4

The hours are entered purely to populate the leave accrual eg "38" - They don't affect any of the $ amounts & hours can be omitted from displaying on the payslip 😊

Sonya Herbert

THANK YOU - HAVE FIXED THIS UP NOW

Acctd4

Good to hear @Sonya Herbert 👏🏻👍🏻

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