Institute of Certified Bookkeepers
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Long Service Leave - Hourly accrual

  • Member in Practice
  • Practice Certificate
  • 11 posts
  • # 118863

Can anyone tell me if there is an hourly accrual rate for LSL in QLD?  I currently accrue quarterly in an excel spreadsheet but I now want to show it on the payslip and have it accrue fortnightly.

Many thanks,

Bev

 

Many thanks Pauline for the link.  

FYI to anyone wanting to know the hourly accrual rate for LSL: -

Hours accrued per pay will be 0.58461 and 0.01538 for hourly paid employees



Edited at 03 Jul 2020 12:49 AM GMT

  • Fellow in Practice
  • Practice Certificate
  • 273 posts
  • # 118864

Hi Bev

 

Our LSL resource covers the calculation and setup.  Link is https://www.icb.org.au/Resources/Payroll/Long-Service-Leave/ICB-Guide-to-LSL

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