I think it would be great if AccountRight could produce the journal entry required to be processed to record the value of the entitlements on the balance sheet e.g. a just like the journal entry that...
The $ value of Annual leave liability should be able to be posted during the preparation of payroll directly to the liabilty account rather than having to do a manual journal every month to update.
Hi Hannah
This just cannot work. If you have an employee that has annual leave of say 10 days and earns a salary of $60K and then receives an pay rise to $100K how would you account for the difference in 10 days accrued at $60K which if leave was taken would now be 10 days @ $100K. Great idea but the practicality of it all is not there.