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Formula for Vacation Time Max Accrual Rate

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    Post Formula for Vacation Time Max Accrual Rate

    Hello, new to the forum, thanks for allowing to join. :-)

    Presented with a problem from HR concerning MAX Accrual Rate for vacation allotment.
    Here is the scenario...Employees are categorized for how many years of service they are allotted for MAX Accrual Rate for Vacation. So for an example an employee who has 11 years of service, their rate is 10.67 hours per month vacation time. The MAX Accrued Hours that employee can have on the record is 384.12 (10.67 x 12 x 3) total and not to exceed that amount for each month. So when our spreadsheets are created for each employee, they have a beginning total from the previous year (example: 150 hours).
    What HR would like to see the spreadsheet formula accomplish is this: ADD the TOTAL amount of vacation time taken (in one month period - each employee submits a spreadsheet for time taken during said month, EXAMPLE, employee took a week's vacation 40 hours), then SUBTRACT the Vacation HOURS USED from previous month's total, THEN ADD the accrual rate (10.67) THEN if that subtotal exceeds MAX Accrued Hours allotted, then Grand Total ONLY shows the MAX Accrued Hours, otherwise, the formula would ADD the sub total and then display. Then replicated that formula to each month on a spread sheet that shows the entire fiscal year.

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    Re: Formula for Vacation Time Max Accrual Rate

    Hi
    Have a look at the attached to see if it does what you need.
    Good luck.
    Tony
    Attached Files Attached Files

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    Re: Formula for Vacation Time Max Accrual Rate

    Works great! Thank you so much.

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    Forum Contributor arlu1201's Avatar
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    Re: Formula for Vacation Time Max Accrual Rate

    Based on your last post in this thread, its apparent that you are satisfied with the solution(s) you've received and have solved your question, but you haven't marked your thread as "SOLVED". I will do it for you this time.

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    Re: Formula for Vacation Time Max Accrual Rate

    You can also use:
    =MIN(384,12;A3+C3)-B3
    Willem
    English is not my native language sorry for errors
    Please correct me if I'm completely wrong

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    Re: Formula for Vacation Time Max Accrual Rate

    Thanks for the feedback.
    Tony

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    Re: Formula for Vacation Time Max Accrual Rate

    I am new here. Is this spreadsheet still available for download?

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    Re: Formula for Vacation Time Max Accrual Rate

    Just click on the file to download it. Any queries: please start your own thread.

    Thread closed.
    Ali


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