How much leave should accrue for a 38 hour week

Annette_8328831
Annette_8328831 Member Posts: 29 Reckoner Reckoner
edited October 2024 in Accounts Hosted
I am setting up payroll in Reckon for the first time and want to check that the leave accruals are accurate. If I set leave to accrue hourly, how much annual leave and personal leave should accrue for a 38 hour week? Thankyou

Comments

  • Stella Carr
    Stella Carr Member Posts: 26 Reckoner Reckoner
    edited May 2020
    0.03846 per hour personal and 0.07692 per hour holiday will produce 76 hours and 152 hours respectively at the end of a year.
  • Annette_8328831
    Annette_8328831 Member Posts: 29 Reckoner Reckoner
    edited July 2016
    Thankyou Stella, could you please break it down for 38 hours pro rata please?
  • Stella Carr
    Stella Carr Member Posts: 26 Reckoner Reckoner
    edited May 2020
    This does it pto rata automatically as long as you do it per hour like i suggested. If someone only works half the hours they only açcrue half the leave.
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    The percentage is 7.6923 for annual leave. It doesn't change no matter what hours a week you work. Of course its based on the NES of four weeks annual leave or 4/52 (7.62923%). Some awards have five weeks annual leave so the accrual rate is 5/52 (9.6153%) Personal leave is half of this based on the NES of 10 days. 
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    Correct Stella, I'm not a fan of basing it on a set amount of hours a week for just this reason. I recently had one emplyer changed the working hours from 38 to 40 a week and didn't change the leave accruals. It's a mess. 
  • Annette_8328831
    Annette_8328831 Member Posts: 29 Reckoner Reckoner
    edited July 2016
    I have done a practice pay using 0.07692 for a 38 hour week and it accrues as 2.55. (Converts to hours/minutes) Does this seem correct?
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    Annette that is correct. Its 2.92 in decimals. If you multiply it by 52 you get 152 which is four weeks at 38 hours
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    Oh and of course you also accrue leave while you are on leave.
  • Annette_8328831
    Annette_8328831 Member Posts: 29 Reckoner Reckoner
    edited July 2016
    Thankyou Kevin and Stella, I now have confidence to soldier on!! :-)
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    This is what i do. Tell no one;)
  • cosmic
    cosmic Reckon Developer Partner Posts: 1,066 Reckon Hall of Famer Reckon Hall of Famer
    edited December 2016
    This is what i do. Tell no one;
    love this one Kev

    Cosmic Accounting Group

    Accountants and Tax Agents 22397009

  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    Andy LSL is only relevant at seven years because that's when it gets paid out but only if it's a result of redundancy. Otherwise it's not payable until 15 years under the NES. NO one I know accrues for LSL until it comes due. Of course if you in Construction at least in Victoria long service leave is parable monthly
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    Because Andrew up until 10 years it won't be paid. I hope that's clear. Well unless it is a bona fide redundancy.
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 2016
    I lied. It is seven years. Carry on.
  • Penne Milloy
    Penne Milloy Member Posts: 9 Novice Member Novice Member
    edited March 2017
    please advise. rates for personal leave and holiday pay . Does it make any difference on Salary need this tonight so I can set up tomorrow
  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited March 2017
    Penny have you checked the appropriate award? Have you looked at the NES? This is not a simple question. The rate of accrual for annual leave is 7.6923% personal leave is half of that.
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