Annual Leave Explained

Annual Leave Explained (Payee Master File)

Sharlyce Reed

Nov 18, 2024

799

🎯 Annual Leave is the first section within the Leave Entitlements and Balances Accordion and details how Annual Leave accrues and the Leave Balances which have been manually entered, accrued and taken whilst using e-PayDay Go.

This Payee is entitled to Leave Loading defines if the Payee is entitled to the Loading Component and at what rate, to correctly calculate the outstanding Liability included in Leave Liability Report in Main and Pay Run Reports.

Payees are entitled to 0.00 Weeks Annual Leave Per Year of employment defines the number of Weeks Annual Leave the Payee is entitled to for each year of Employment.

🎯 The Weeks Entitlement is automatically imported from the Award or Agreement the Payee is assigned based on the Payee's Employment Basis. If required, the rule can be changed or removed by selecting Edit.

Which accrues determines how Annual Leave accrues;

Per Hour (Pro Rata) - For each 'hour' the Payee works, Annual Leave will increase by a set amount, automatically calculated by the software based on the value entered into Weeks per Year.
Per Pay Period (Lump Sum) - Regardless of the Payee's work hours, Annual Leave will increase by a set amount, automatically calculated by the software based on the value entered into Weeks per Year.
on Anniversary of Commencement Date (Lump Sum) - When the Payee's Commencement Date is included in a pay run. Annual Leave will increase by the value outlined in Weeks per Year.

🎯 The Accrual Method is automatically imported from the Award or Agreement the Payee is assigned based on the Payee's Employment Basis. If required, the rule can be changed or removed by selecting Edit.

The Information Icon will display the Entitlement (In Hours) Alert (Modal), if selected.

Commencing from defines the date Annual Leave commences accruing. This Date may be different from the Employment Commencement Date in the circumstance where the Payee began Employment as Casual.

Edit enables the following fields so they can be amended as required;

0.00 Weeks.
Which accrues.

Opening Balance enables you to enter the current Annual Leave balance (in hours) the Payee has accrued from your previous payroll solution.

Accrued displays the total Annual Leave balance (in hours) which have accrued since using e-PayDay Go.

Taken displays the total Annual Leave balance (in hours) taken since using e-PayDay Go.

Taken YTD displays the total Annual Leave balance (in hours) taken in the current Financial Year.

Current Balance displays the total Annual Leave balance (in hours) outstanding to the Payee.