You can set up employees to receive a specified number of hours of vacation time per hours worked, or per paycheck, or per month, or per year. You can also specify that an employee gets a certain number of vacation hours at the beginning of the year. You can specify that vacation hours are “use it or lose it” for a certain year, or only accrue up to a certain limit that you set. As employees use vacation hours throughout the year, you record this information in QuickBooks, and the hours are deducted from the employees’ balances.