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sissbookkeeper
January 27, 2020
Question

Sick pay

  • January 27, 2020
  • 1 reply
  • 0 views

In sick pay accruals, does the "reset hours every new year?" refer to calendar year or fiscal year?  If calendar year, is there any way to change it to fiscal?

1 reply

L
LauraAB
January 27, 2020

Hello sissbookkeeper,

 

It's great to hear from you again. I hope QuickBooks Desktop is meeting your bookkeeping needs and making working with your clients that much easier. You've got a good question and I'm happy to go over this with you.

 

The accrual periods for your employees are based on calendar year. This is because employee calculations, such as T4s and TD1s, are based off of calendar year parameters. That also applies to sick accrual and it cannot be changed at this time.

 

If you'd like to change the accrual based on when the fiscal year rolls over, it would be a matter of manually tracking and changing the numbers as needed. What I mean by this is you can still enter the accruals in the system, but someone would have to keep an eye on them being used and update them when they need to be changed for the fiscal period.

 

Feel free to submit feedback about this feature by going to the Help menu and choosing Send Feedback Online. Hearing from customers allows us to learn the different ways we can enhance what QuickBooks Desktop has to offer and many of the features available today are because of users like you.

 

Let me know if that helps clarify things! I'm here if you have more questions.

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