You can set up vacation pay in the payroll module of AgExpert Accounting.

On the left navigation bar, click Payroll, then Employees.

Select the employee that you want to set up vacation pay for.

When you click on the drop-down menu beside Vacation Pay you will have three options; no vacation, pay out vacation, or retain vacation.

If you choose to either pay out vacation on every paycheque, or to retain vacation until a vacation cheque is created, you will set the vacation pay rate as either Weeks or Percent. If you select percent, then a straight percentage will be used when calculating vacation pay. If you chose weeks, the system will automatically calculate the percentage for you.

Select a Vacation Expense Account.

Next, scroll down to Vacation Pay and click Add.

If Percent was selected in the previous step, enter the percentage of vacation to be paid after X years. For example, if an employee is entitled to 5% vacation after 2 years, your entry would look like this:

If Weeks was selected in the previous step, enter the number of weeks of vacation earned after X years. For example, if an employee is entitled to 4 weeks vacation after 5 years, your entry would look like this:

Save the changes made to your employee’s profile.

Last updated on July 23, 2020 by FCC AgExpert