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January 14, 2024
Question

Will the current balance of hours accumulated carry over if I change/increase the Paid time off rate of accrual for an employee? The field goes blank when changed.

  • January 14, 2024
  • 1 reply
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I need to update/change PTO accrual rate as employees meet aniversary milestones.  How do I do this accurately?

1 reply

January 14, 2024

Hello, drmckaysbarand. I'll help you update your employee's PTO accrual rate.  

 

Any remaining balance of hours at the end of the year will be carried over to the following year. However, it is important to note that this only applies if an employee's PTO hours do not accumulate the maximum limits. So, if an employee has reached the maximum limit for their PTO hours, any additional hours accrued beyond that limit will not be carried over to the following year. 

 

To update the existing PTO accrual rate, here's how:

 

  1. Click the Payroll, and choose Employees.
  2. Choose your employee.
  3. From Pay types, tap Edit.
  4. Scroll down to the Time Off Policies section. Select Edit next to the policy to make changes.
  5. Edit the policy, then select Save.
  6. When finished, tap Save.

 

 

I've added this article in case you need additional information about modifying your PTO in QuickBooks Online: Set up and track time off in payroll.

 

Do you want to create a personalized report for your employees' vacation and sick time? If so, check out this resource for a complete guide: Create a Sick and Vacation report for employees.

 

Please know I'm always available to assist you with further questions about updating PTO or QuickBooks. Have a wonderful weekend.