Forum Discussion

JB_Incredable's avatar
JB_Incredable
Experienced Cover User
6 years ago
Solved

Re: Leave Liabilities

Hi. I've read this post with interest as I'm trying to streamline how entitlements are accrued & recorded within MYOB. At present our leave accrual is adjusted quarterly (via journal entry) as per th...
  • Steven_M's avatar
    Steven_M
    6 years ago

    Hi JB_Incredable 

     

    From an AccountRight point of view, when you accrue hours for an entitlement, AccountRight will only accrue the hours associated with that entitlement i.e. it will not automatically accrue the dollar value of that those entitlements. 

     

    If that functionality is required, it would need to be done as a manual process through recording a journal entry. Our Help Article: Tracking leave accruals as liabilities would be able to assist with that process, however, it sounds like you have a good grasp of it already.

Steven_M's avatar
Steven_M
Former Staff
6 years ago

Hi JB_Incredable 

 

From an AccountRight point of view, when you accrue hours for an entitlement, AccountRight will only accrue the hours associated with that entitlement i.e. it will not automatically accrue the dollar value of that those entitlements. 

 

If that functionality is required, it would need to be done as a manual process through recording a journal entry. Our Help Article: Tracking leave accruals as liabilities would be able to assist with that process, however, it sounds like you have a good grasp of it already.

  • JB_Incredable's avatar
    JB_Incredable
    Experienced Cover User
    6 years ago

    Thanks for your reply Steven. I guessed as much. Just needed confirmation before going forward. I'm grateful we only have a workforce of 20. Imagine a workforce of 200+!! I would like to see MYOB include this functionality to eliminate manual processing. I'll find out how I can lodge this as feedback re improvement. Thanks once again.

     

    Kind regards,

    Julie

    • GDay53's avatar
      GDay53
      Ultimate Partner
      6 years ago

      JB_Incredable 

       

      Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

       

      If you would like this as an option I would suggest posting this as a suggestion on the AccountRight Idea Exchange. You can do this by going to: Browse Community > AccountRight > AccountRight Idea Exchange > Submit an Idea.

       

      • JB_Incredable's avatar
        JB_Incredable
        Experienced Cover User
        6 years ago

        Thank you GDay53. I've already done that!! Fingers crossed!