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U
userfali
August 15, 2023
Question

Vacation Rate change

  • August 15, 2023
  • 1 reply
  • 0 views

Hell All 

Today, I have one straight question to ask . I want to change vacation rate 6% to 8% in QuickBooks online for on of the employee .If I remember accurately , few years back I had to change vacation rate and I think quick books rested the Balance to Zero. As if  I have given all accrued vacation money to the employee and just to add in our company we do not pay out accrue vacation in every pay. Now, if this is correct, can you please tell me  how I can increase vacation rate without influencing /changing accrued vacation balance.   

 

Thank You 

Farzana Ali  

1 reply

J
JamesM4
August 15, 2023

Hello Farzana, 

 

Thanks for contacting us here. QuickBooks provides you the flexibility that allows you to manage your payroll with peace of mind. I'll be glad to share more info and help steer you along the right path. 

 

To get started, it's important to note that changing the vacation rate will affect the current balance on the employee's profile. Since you'd like to change the rate for your employee,  you can always edit the vacation accrual hours so QuickBooks reflects the correct figures. In order to adjust the vacation balance, follow the steps below:

  1. Navigate to the Payroll menu and then to the Employees page.
  2. Make edits to the employee in question by selecting their name from the list.
  3. Navigate to to the Vacation policy tab and hit Edit.
  4. Make the appropriate adjustments and make sure your changes are saved.

Give this a try and let me know what happens. I'll be one message away in case you have other questions. Otherwise, enjoy the rest of your day.

U
userfaliAuthor
August 17, 2023

Hello JamesM4 

Appreciate your quick respond .

Here is what I am not sure  it's important to note that changing the vacation rate will affect the current balance on the employee's profile- so, I want to change the vacation rate from 6 to 8 percent without affecting the current accrued balance meaning if an employee has accrued example only 600 , when I change the vacation rate should this amount will be zero ?Cause I remembered it happened one time, noticed on employees profile and vacation and sick leave report, balance became zero.

 

I want to keep the 600 unchanged and keep adding vacation pay based on 8% with the balance 600. 

 

I hope it makes sense to you. 

 

Thanks

Farzana Ali 

J
JamesM4
August 17, 2023

Changing the vacation rate will affect the balance as you've experienced before. However, the steps I've provided above also show you how to edit the balance to the 600 you'd like to keep. Let me know if I'm missing something as I'd like to be on the same page as you.

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