Holiday funds are monetary funds accrued over time to cover the cost of employees' holidays. Find out more in our guide to holiday funds.

You can Set up a holiday fund, deduct contributions from the employee's salary and pay the money out during the payroll run.

Pay an amount from a holiday fund to an employee

1. On the Employee List, click the required employee.
2. Click Payroll then click Enter Payments.
3. In any tab, click the Holiday Fund button.
4. In Pay from Fund (Current Period), enter the amount or percentage.
5. If you're advancing the employee's pay, you can enter the total amount for the advanced periods.
6. Click OK then click Save/Next then click Close.