Paid Time Off: Implementation Activity

In the following implementation activity, you will learn how to create PTO banks for accrual of paid time off.

Story

Suppose that in the SweetLife company, paid time off can be accrued and used for employees' personal time and vacation. Acting as a system administrator, you need to create corresponding PTO banks.

Process Overview

You create PTO banks by using the PTO Banks (PR204000) form.

System Preparation

Before you start creating deduction and benefit codes, you should launch the MYOB Advanced website and sign in as a system administrator by using the following credentials:

  • Username: gibbs
  • Password: 123

As a prerequisite activity, in the company to which you are signed in, be sure you have completed the Pay Groups, Payroll Calendars, and Pay Periods: Implementation Activity.

As a prerequisite activity, in the company to which you are signed in, be sure you have performed the activities in the preceding lessons of this part of the course.

Step 1: Creating a Personal Time PTO Bank

To create a PTO bank to accrue hours of personal time, do the following:

  1. Open the PTO Banks (PR2040PL) form.
  2. On the form toolbar, click Add New Record.
  3. In the Summary area of the PTO Banks (PR204000) form, which opens, specify the following information:
    • Bank ID: PTO
    • Accrual Method: Percentage
    • Default Accrual %: 0
    • Balance Limit: 0
    • Disbursing Earning Type: PT
    • Description: Personal Time
    • Start Date: January 1
    • Active: Selected
    • Allow Negative Balance: Cleared

    Make sure that the remaining check boxes in the Summary area are cleared as well.

  4. On the General Settings tab, in the Front Loading Amount box, specify 24.00.
  5. On the form toolbar, click Save.

Step 2: Creating a Vacation PTO Bank

To create a PTO bank to accrue hours of vacation time, do the following:

  1. Open the PTO Banks (PR204000) form.
  2. On the form toolbar, click Add New Record.
  3. In the Summary area, specify the following information:
    • Bank ID: VLC
    • Accrual Method: Percentage
    • Default Accrual %: 6.00
    • Balance Limit: 0
    • Disbursing Earning Type: VL
    • Description: Vacation
    • Start Date: January 1
    • Active: Selected
    • Allow Negative Balance: Selected

    Make sure that the remaining check boxes are cleared.

  4. On the General Settings tab, in the Carryover Type box, select Total.
  5. On the form toolbar, click Save.