How is the Leave Accrued in Advance figure calculated?

Answer

The Leave Accrued in Advance calculation estimates what amount of annual leave an employee has accrued since their last holiday anniversary.

For example if 2/3 of the year has elapsed since the anniversary date, the employee is potentially due 2/3 of their annual leave allocation. e.g. 0.66 multiplied by 120 hours equals 79 hours.

Note: the Leave Accrued in Advance calculation is date driven and will change whenever the pay ended date is altered.

This figure is only a guide and is not a balance that is paid out. It is used to check whether an employee has enough leave accrued to take leave in advance.#adp01

Lynley Averis

Lynley is an MYOB Certified Consultant & has been involved in training in New Zealand since 1985. She's written various accounting & MYOB workbooks including co-authoring “Bookkeeping for Dummies”. She has consulted on all versions of MYOB Accounting, Retail and Payroll over the past 18 years and has previously worked for MYOB. She currently consults to NZ businesses on all aspects of business systems - her mission for clients is for them to spend as little time as possible doing accounting!