LSL changes

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  • Updated 3 weeks ago
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HI,  With the LSL changes coming into effect on the 1st November 2018, you will now be able to take LSL at half pay.  Can you please advise if there will be an update for QB for this?  Thanks Sarah
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Sarah Johnston

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Posted 3 weeks ago

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Kevin Russell, Accredited Partner

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Sarah Reckon doesnt track lsl specifically so your answer is it depends. Thanks for asking. Oh and its Reckon, not QB.
(Edited)
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Sarah Johnston

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Thanks Kevin, depends on what?  Because this is new legislation I would have thought that Reckon would do an update to keep up with the change?  Thanks Sarah
Hi Sarah

I do choose to track LSL in RA. 

In WA, the standard LSL accrual works out to be 0.01667 hours per hour worked. 
Of course the entitlement to TAKE this LSL doesn't kick in until the minimum service years have been worked but I have it set to accrue by default anyway for convenience.  If the employee leaves before that, it is just adjusted out in RA.
You can still choose to edit the rate when paying LSL so that's not an issue.

NB Obviously, the accrual calculation is dependant on any applicable award/agreement or in absence of that, your relevant State's LSL entitlement.
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Kevin Russell, Accredited Partner

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Hi Sarah. It depends on how you are using Reckon to track lsl right now. Most of us dont do it.
(Edited)
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Sarah Johnston

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HI Kevin, Yeh we don't either :) 

LOL thought you might have something up your sleeve you were going to tell me.

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Kevin Russell, Accredited Partner

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I always have something up my sleeve. My arm. You can accrue lsl based on 1/60 of ordinary hours if you insist. I think its pointless given it most likely wont be paid out. In 20 years I think Ive paid it five times. Not worth the effort imho
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Sarah Johnston

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Thanks Kevin, appreciate your time.