Sick Leave, Comptime and Vacation

Posted by Sweet Andy on January 25, 2008, 2:37 pm

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How does one account for these? They are actually worth money (at least to
me/my company) but so far have been unaccounted for. How do people do it
now? I am using Quicken 2007 Deluxe.

Thanks.

--
SweetAndyLicious

>>>email: sweetandylicious@eml.cc

Posted by Porter Smith on January 25, 2008, 5:52 pm

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> How does one account for these? They are actually worth money (at

> least to me/my company) but so far have been unaccounted for. How do

> people do it now? I am using Quicken 2007 Deluxe.

I'm not sure what yo want to do. Paid time off doesn't have any value (to
you) until you are paid for them, then those wages would appear on your
paycheck. Are you trying to keep track of them? I suppose you could
create an investment account with a security called "Vacation" (Or Sick
Leave or Comp Time) and track each day (or hour)as a share, witah value of
$1. As you accrue time you could transfer shares in, and transfer them out
as you use them. The number of shares would represent the number of
days/hours you have left.

Some companies let people cash in unused vacation. You could assign each
share a value equal to your daily/hourly rate.

Posted by Sweet Andy on January 27, 2008, 11:17 am

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That sounds good. Thanks.
On Fri, 25 Jan 2008 16:52:43 -0600, Porter Smith

>> How does one account for these? They are actually worth money (at

>> least to me/my company) but so far have been unaccounted for. How do

>> people do it now? I am using Quicken 2007 Deluxe.

>I'm not sure what yo want to do. Paid time off doesn't have any value (to

>you) until you are paid for them, then those wages would appear on your

>paycheck. Are you trying to keep track of them? I suppose you could

>create an investment account with a security called "Vacation" (Or Sick

>Leave or Comp Time) and track each day (or hour)as a share, witah value of

>$1. As you accrue time you could transfer shares in, and transfer them out

>as you use them. The number of shares would represent the number of

>days/hours you have left.

>Some companies let people cash in unused vacation. You could assign each

>share a value equal to your daily/hourly rate.

Posted by Oilcan on January 26, 2008, 8:56 pm

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Not certain why you would want to account for it. I don't.

Oilcan

> How does one account for these? They are actually worth money (at least to

> me/my company) but so far have been unaccounted for. How do people do it

> now? I am using Quicken 2007 Deluxe.

> Thanks.

> --

> SweetAndyLicious

>>>>email: sweetandylicious@eml.cc