Free Payout Calculator for Paid Time Off (PTO)
Use the PTO payout calculator to determine final payout amounts for employees who are leaving your company and have accrued PTO balances that must be paid off. If you have a salaried employee, this calculator will automatically compute and use their effective hourly rate based on the employee's salary and the number of hours the employee typically works each week.
Record Keeping is Required by Law
The federal government requires businesses to keep 2 years of timesheet data for employees, and in the event of labor disputes, you'll be glad you did. Let us help keep you out of trouble and save you money. Try Timesheets.com to track time off accrual and usage. You'll also get to track regular work time, job costs, expenses, and much more.