Can someone please tell me what rate I put into an employees hourly accrual for annual leave and personal leave for a part time employee when accruing per hour.

- 90 Points

Posted 7 months ago

John G, Official Rep

- 24,060 Points

Hello Leanne,

Welcome to the Reckon Community.

You will need to calculate the hourly rate of accrual for your circumstances.

Start with the number of hours a full time employee works in a full year and the amount of leave it will earn. This number will vary according to the length of a normal working week which could be anywhere between 35 and 40 hours.

For example, for a full-time working week of 38 hours (7.6 hours a day) you can calculate the number of accrued annual leave hours each working hour will earn as 152hrs / (38hrs * 52 working weeks).

Please refer to your accountant for exact inputs you must use for your circumstances.

Hope this helps.

regards,

John.

Welcome to the Reckon Community.

You will need to calculate the hourly rate of accrual for your circumstances.

Start with the number of hours a full time employee works in a full year and the amount of leave it will earn. This number will vary according to the length of a normal working week which could be anywhere between 35 and 40 hours.

For example, for a full-time working week of 38 hours (7.6 hours a day) you can calculate the number of accrued annual leave hours each working hour will earn as 152hrs / (38hrs * 52 working weeks).

Please refer to your accountant for exact inputs you must use for your circumstances.

Hope this helps.

regards,

John.

- 90 Points

Thanks John for the reply. If i put in 0:07:69 into Reckon it changes it to 0:08:09 so i can't work out what to put in to calculate it correctly per hour worked. We work on a 38 hour week, so it is just a matter of trying to see what other people have put in to get it right. If you know what i mean. this is doing my head in.

John G, Official Rep

- 24,060 Points

Hi Leanne,

The colons between the numbers indicates the format is hours:minutes:seconds, so 0:07:69 means 7 minutes and 69 seconds which is the same as 8 minutes and 9 seconds. Did you mean 7.69 minutes? You'll need to enter that as 0.12816 hours and Reckon Accounts will display it at 0:07:41.

You can change the display between decimals and h:m:s in Edit > Preferences > General.

For other help on setting rates like this why not consult your industry association and get the precise information you need?

regards,

John

The colons between the numbers indicates the format is hours:minutes:seconds, so 0:07:69 means 7 minutes and 69 seconds which is the same as 8 minutes and 9 seconds. Did you mean 7.69 minutes? You'll need to enter that as 0.12816 hours and Reckon Accounts will display it at 0:07:41.

You can change the display between decimals and h:m:s in Edit > Preferences > General.

For other help on setting rates like this why not consult your industry association and get the precise information you need?

regards,

John