Banked holidays
Credit each federal holiday's hours to a bank members spend later.
Not every team takes a holiday on the day it falls. Banking a holiday credits its hours to a leave bank instead, so a member who works through July 4th earns the time and spends it when it suits them.
How banking a holiday works
A banked holiday credits exactly one bank: a leave bank whose accrual strategy is Per banked holiday. The bank's Hours per holiday rate sets the credit, scaled by each member's FTE, so a full-time member on an 8-hour rate earns 8 hours per banked holiday and a half-time member earns 4. The credit lands in each member's ledger as an accrual on that bank. Each holiday names exactly one bank, so the hours can't double-count.
If you don't have a per-holiday bank yet, create one first. See Leave banks.
Bank a holiday
- Open Settings, then select PTO & Holidays under Time-Related.
- Select the Holidays tab, then the edit control on the holiday. The Edit Holiday dialog opens.
- Under Holiday Settings, turn on Banks Hours.
- Choose the bank in the Leave bank field. Only per-holiday banks are listed.
- Select Update Holiday.
What your members see
The credit shows up as an accrual in the member's PTO ledger, and the bank appears as its own tab on the timesheet's balance card once your organization has more than one bank. To spend the hours, members log time to an indirect charge code linked to that bank, the same way they log any other leave.