PTO (Paid Time Off) Balance Calculator for Hourly Employee
READ BEFORE !!
If you are looking for a Simple & Effective solution to calculate and track Paid-Time-Off (PTO) for your hourly employee, you have reached the right place. You can get this Excel template to track and calculate Employee’s PTO accrual balances based on hours worked by the employee.
If you are familiar with PTO calculation, you would be aware that though it appears to be simple from the outside, accounting for various scenarios and PTO policies make such calculation complex and not easy to implement.
Don’t worry. This Excel template makes all that simple to implement, as all the hard work is already done. You enter the inputs of your PTO policy and are ready to track PTO balance automatically within a few minutes.
Key Features of the PTO Balance Calculator
- Options available covers most common business PTO policy scenarios
- Very flexible and easy to customize for your specific business needs
- Automatically calculates current PTO balance and projected future balance
- Interactive and printable PTO Report showing all details in a simple calendar view
- Supports tenure-based accrual rate tiers
- File is designed for one employee only. Make a copy of workbook to use for second employee.
- Tracks PTO balance for at least 2 years (and can be reset in new file and extended).