Vacation Rate change

Hello Farzana, 

Thanks for contacting us here. QuickBooks provides you the flexibility that allows you to manage your payroll with peace of mind. I'll be glad to share more info and help steer you along the right path. 

To get started, it's important to note that changing the vacation rate will affect the current balance on the employee's profile. Since you'd like to change the rate for your employee,  you can always edit the vacation accrual hours so QuickBooks reflects the correct figures. In order to adjust the vacation balance, follow the steps below:

1. Navigate to the Payroll menu and then to the Employees page.
2. Make edits to the employee in question by selecting their name from the list.
3. Navigate to to the Vacation policy tab and hit Edit.
4. Make the appropriate adjustments and make sure your changes are saved.

Give this a try and let me know what happens. I'll be one message away in case you have other questions. Otherwise, enjoy the rest of your day.

Hello JamesM4 

Appreciate your quick respond .

Here is what I am not sure  it's important to note that changing the vacation rate will affect the current balance on the employee's profile- so, I want to change the vacation rate from 6 to 8 percent without affecting the current accrued balance meaning if an employee has accrued example only 600 , when I change the vacation rate should this amount will be zero ?Cause I remembered it happened one time, noticed on employees profile and vacation and sick leave report, balance became zero.

I want to keep the 600 unchanged and keep adding vacation pay based on 8% with the balance 600. 

I hope it makes sense to you. 

Thanks

Farzana Ali 

Changing the vacation rate will affect the balance as you've experienced before. However, the steps I've provided above also show you how to edit the balance to the 600 you'd like to keep. Let me know if I'm missing something as I'd like to be on the same page as you.

Hello James 

I understand that changing the vacation rate will impact the balance and you could  adjust the vacation hours/$ values under employee profile. Only thing in this  whole process ,I think quick books will generate an adjusting journal entry in the Financial statement , which I do not prefer . Any suggestion ? 

Thanks 

Farzana 

Hi there userfali,

For further assistance with editing vacation, you'd need to reach out to the QuickBooks Online Payroll support team outside of the Community. They'll be able to view this employee with you in the system to be able to assist you in making the change of vacation policy so that it can have the correct balances. You can reach them using these steps:

Schedule a Callback or start a Chat: click (?)Help in the upper right > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
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If you have any other questions, feel free to reach out here.