Forum Discussion

Carrie001's avatar
Carrie001
2 years ago

Estimated annual leave accrued since anniversary

One of our staff needed to carry out a final pay, and payment of the Annual Leave Available has been done at that time. But he had ever asked why the days of Estimated annual leave accrued since anni...
jenniek's avatar
jenniek
Ultimate Partner

Hi Carrie001 

Estimate annual leave is generally accrued leave - so leave accrued since the last anniversary date - and therefore technically not due yet. When someone leaves, the system pays out any actual annual leave owing plus 8% of earnings since the last anniversary which is effectively the accrued leave - which is now a $ value and not estimated hours.

Carrie001's avatar
Carrie001
2 years ago

Hi Jennie,

 

Got it and very appreciated for your explanation.

 

Thanks so much.

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