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.
Sick Leave, Comptime and Vacation
Jan 25, 2008
3 Replies
"Sweet Andy" wrote in news:479a3a85$0$1025$ snipped-for-privacy@unlimited.newshosting.com:
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.
Not certain why you would want to account for it. I don't.
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