So what if you allow your employees to use more vacation than they have got to use. What happens in your accounting?<\/p>\n
Technically speaking, let\u2019s discuss regulation first. It\u2019s crucial to understand if your legislation allows such activity and if you\u2019d be required to pay additional fees on such \u201cnegative reserve\u201d. It is really up to your local legislation so consult any guidance available beforehand.\u00a0<\/p>\n
In your accounting on the other hand, you\u2019ve got two methods you can opt to \u2013 show a receivable for \u201cwork yet to be done but that\u2019s already paid for by the company\u201d or show less liability you owe to your employees for the vacation they\u2019ve earned.<\/p>\n
So it\u2019s a choice of showing the negative reserve gross or net. I have to be honest with you, I haven\u2019t seen this shown in gross yet, and mostly the liability is just shown less of the negative reserve. Netting the balance also makes sense since both the positive and negative relate to one thing, a vacation.<\/p>\n
Another question you have to answer and reach a compromise with your employees, is the amount you allow for them go into negative vacation reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"
So what if you allow your employees to use more vacation than they have got to use. What happens in your accounting? Technically speaking, let\u2019s discuss regulation first. It\u2019s crucial to understand if your legislation allows such activity and if you\u2019d be required to pay additional fees on such \u201cnegative reserve\u201d. It is really up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-4828","post","type-post","status-publish","format-standard","hentry","category-1-9-payables-to-employees"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=4828"}],"version-history":[{"count":1,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4828\/revisions"}],"predecessor-version":[{"id":4829,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4828\/revisions\/4829"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}