Part time employees hourly accrual rate to enter

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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.
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Leanne Brett

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Posted 1 year ago

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John G, Information Support Analyst

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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.  
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Leanne Brett

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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.
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John G, Information Support Analyst

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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