Accrual on balance sheet for pto not yet used by employees
11/2/09 12:29 PM
Total Views: 18
I am using Quickbooks Enterprise. It is tracking the number of pto hours that my employees are accumulating but I can't see where the pto dollar amount is accruing on the balance sheet for each paycheck. I only see pto hitting the payroll liabilities account when pto is used and waiting for the payroll to run and pay out. If I want to accrue for unused pto do I need to post this manually to the balance sheet?
Answer
I am not sure why would you want to accrue the pto dollar amount. Am I right that pto = paid time off? If I am right the employee is off at the time he/she will have the pto. He/she will have the pto instead of wages. You would not accrue the wages when the service has not been done yet either. Please, correct me if I am wrong.
Reka
