sg9
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Annual Leave Accrual Daily Rate Calculation
Hi there, could someone please tell me if I'm going crazy ... I've been reading and re-reading this help guide on the MYOB site, but for the life of me cannot get the same result they're getting. I've even tried different calculators. Am I completely missing something, or is this equation very wrong? How do you calculate annual leave entitlements? You calculate annual leave entitlements pro-rata based on an employee’s ordinary working hours. For example, a full-time employee working a 38-hour week throughout the year accrues annual leave at the rate of 2.923 hours per completed week of service (152/52 = 2.923), which equals 0.7308 hours of annual leave per working day. Use the formula: 152 hours of annual leave ÷ 52 weeks = 2.923 hours 2.923 hours ÷ 5 days = 0.7308 hours per working daySolved4.7KViews0likes5CommentsRe: Annual Leave Accrual Daily Rate Calculation
Hi Earl, thanks for the reply. This is the bit I'm having a problem with: 2.923 hours ÷ 5 days = 0.7308 hours per working day If I divide 2.923 by 5, I don't get 0.7308; I get 0.5846. If I divide 2.923 by 4, then yes, I get 0.7308, but not if I divide by 5 - unless I'm missing something? Cheers4.3KViews1like1CommentRe: Pay processed at incorrect base hourly rate
Hi Earl_HD, many thanks for your reply. I've had a little look through the forum and it may be that my issue wasn't triggered by the outage, and may actually be an existing MYOB issue. I found this post, which seems to be what I am experiencing: "I want to bring to your attention that the payroll sofware we are using has been exeperiencing errors in its calculation. Although i have informed the support team about these issues, but we are still encountering random errors. Specifically , the progdram is incorrectly calculating the gross pay by using incorrect salary rates. Our salary rates are supposed to be permanent, but the program randomly changes them . It is also impossilbe to conroll or check from my side as a user to avoid the wrong calculations. " This is exactly what happened in my last pay run - i.e. the hourly rate radomnly changed and charged the hours worked at $3.96 more per hour than what it should have. Also, the hours worked for that pay cycle were down by two days due to employee sickness, but the gross amount column has remained at the figure that would have applied had a full week been worked. So the employee was paid a full week's pay PLUS two days sick pay. I can send you a copy of the timesheet if that helps? On the annual & personal leave side, I've followed the advice given in the instructions in the help section, and as the employee is on an hourly rate, I've set the leave accrual option to "Equals a percentage of gross hours". The employee's base hours are 45 hours per week. Can you please confirm whether this is the correct option, or whether I should in fact be using the other option of 2.92 hours per week? I was under the impression that using the percentage of gross hours option, the calculation would be capped at 38 hours per week, but now looking through past time sheets, this doesn't appear to be the case, as there's different amounts of accrual listed on every pay cycle. If I am to change the accrual method, how do I go about reporting this change please? Could you also please advise the best method for changing and reporting the incorrections on this last time sheet. We don't use the built in timesheets provided by MYOB, we use our own. Many thanks, and I look forward to hearing from you.493Views0likes1CommentPay processed at incorrect base hourly rate
Hi. On our last pay run one of our employees was overpaid due to the base hourly calculation rate somehow changing from $30.00 to $33.96, which is what is showing under the "Calc Rate" column on the timesheet. There's also some Personal Leave entered on this timesheet, which is showing the correct hourly rate of $30.00. There was a major outage with MYOB on Wednesday and yesterday when I was trying to put the wages through, and I'm wondering if this has somehow caused a malfunction? Has anyone else experienced a glitch like over over the last couple of days? As far as I can see, I can't manually change the hourly rate during the payroll process, so I'm really confused as to how this has happened. There's never been an issue before, only during this outage period. I've gone back into the employee's details, but everything there is as it should be. I've also checked each pay category that relates to the employee, and nothing's changed there either. If this is user error, then I'd be grateful if someone could point me in the right direction as to where I might have somehow changed this. It's resulted in the employee being overpaid by almost $250, so it's a pretty big glitch if not a user error!800Views0likes4Comments