Long Service Leave Accrual Rate
Just wonder how I get the weekly accrual rate for Long Service Leave so I can add it to MYOB. Someone told me that it is .667hr per week for a 40hour week.
Forum Discussion
2 Replies
Replies have been turned off for this discussion
Long service leave is calculated differently by award and state
SO once you determine what the leave entitlement is you can do the calculation
for example
After 10 years you receive 8 weeks leave
if you work 40 hours that is 320 hours (8x 40 =320)
if you work 38 hours 304 hours
if you work 36 hours that is 288 hours
So to calculate
320hours over 10 years @ 40 hours a week
320/10/52 =.61538 hrs a weekly pay
304/10/52 = .5846 hrs a weekly pay
288/10/52 = .5538 hrs per pay
Hope that helps
Lisa
Hello Shezza1
As LRBooks61 has mentioned each state or territory has a different set of rules regarding long service leave and you'll need to consult the relevant long service leave rules for your state or territory to calculate their leave accrual.
I have provided a Help Article on long service leave which contains links to the different rules for the states, as well as steps on how to set up the long service leave wage category in your software.Please let me know how you go.
