If you have employees and are using Wage Easy/Wagemaster Payroll, on 30 June each year, it is highly recommended you generate a Leave Liabilities report for your accountant. This will give you a snapshot of the accrued leave owing to all employees as of this date
Your accountant will use this report to prepare your Balance Sheet.
To ensure the leave accrual figures are accurate, it is essential to generate this report on the 30th of June each year.
To generate the report in Wage Easy/Wagemaster:
- Click Reports > Leave > Leave Entitlement > By Employee
- The report will be generated
- Print this report (you can print as a PDF and email it to your accountant)
- Click Close
Please Note: If this report is generated on a different date/time, the leave accrual figures will differ and won’t be the true indication of your leave liability as at 30th June and for Balance Sheet purposes.
Wage Easy calculates the liability as per current time and date.