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...
Hi. I would like to lodge an idea for improvement. At present our leave accrual is adjusted quarterly (via journal entry) as per the Entitlement Balance Report & actual leave taken is recorded as an expense to wages. I would like MYOB to be able to accrue leave as a dollar value to the leave accrual as well as an hourly value. I can see how I can override the account for leave to the leave accrual instead of wages. This is only one side of the entry. I don't see the point in deducting leave from the liability if we can't accrue it there to start with! I would like to see MYOB automatically process leave accruals in dollar AND hourly values when the Payroll is processed. This would eliminate the need for manual processing via journal entry. We have a small workforce of 20. A larger workforce would be cumbersome.
Kind regards,
Julie
I agree.
And please add a payroll report that shows the dollar values of all leave entitlements accrued during a particular pay period (holiday, sick and long service), as well as super and tax liabilities, with a total figure at the end. We put money into a savings account after every pay run, so we can pay these liabilities when they become due. At the moment, I have to calculate the amounts manually in a spreadsheet. It will get very time consuming when we have more staff.
Thanks,
Annette