Hello,
We work off a 80 hours per fortnight, based on this staff should accrue 3.8462% of annual leave.
The payroll setting has leave type of annual leave, calculated method being "Based on ordinary hours". Hours of leave to accrue annually being 160 hours and hours a full time employee works a fortnight being 80 hours.
I calculate this to be an accrual rate of 6.1538 days per fortnight, however Xero calculates this to be 6.1370.
What creates the difference and is this correct? I don't want to be be under accruing entitlements.
Additionally a similar error of personal/careers leave.
I calculate 3.0769 should be accrued per fortnight but xero calculates 3 .0685.
Can you please advise the back ground calculations in xero and what the correct accrual rate should be based on a 80 hours fortnight?
Hello,
We work off a 80 hours per fortnight, based on this staff should accrue 3.8462% of annual leave.
The payroll setting has leave type of annual leave, calculated method being "Based on ordinary hours". Hours of leave to accrue annually being 160 hours and hours a full time employee works a fortnight being 80 hours.
I calculate this to be an accrual rate of 6.1538 days per fortnight, however Xero calculates this to be 6.1370.
What creates the difference and is this correct? I don't want to be be under accruing entitlements.
Additionally a similar error of personal/careers leave.
I calculate 3.0769 should be accrued per fortnight but xero calculates 3 .0685.
Can you please advise the back ground calculations in xero and what the correct accrual rate should be based on a 80 hours fortnight?