Im changing the Time Off in Lieu policy balance for some of my employees. How can I keep track of banked hours that are lost with this policy change and need to be paid out?
You should run the Time Off Liability report for all affected employees, as of the day prior to the new policies taking effect, and then as of the day the changes take effect. Subtracting the second balance from the first will give you the number of banked days you owe each employee. This number can be multiplied by the employee’s regular rate to arrive at the amount of overtime pay owing.
