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October 5, 2023
Question

How do I accrue vacation pay when a salaried employee is taking a paid vacation?

  • October 5, 2023
  • 1 reply
  • 0 views

A salaried employee accrues 6% (3 weeks) vacation per year.  If their salary is $75,000 that should be $4,500 accrued vacation pay after the first year.  In the second year when the employee takes the 3 weeks vacation they only accrue between $4,218.75 to 4,240.38 vacation. Since they should be accruing 3 weeks vacation per year every year the solution would be to accrue vacation pay when the employee is taking their paid vacation.  Quickbooks doesn't accrue vacation pay on VacPay-Accrual Paid Out and that item doesn't appear under the earnings that accrue vacation.  How can I ensure that employees accrue their full three weeks of vacation?

1 reply

October 5, 2023

Good evening  Nicole967,

 

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