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Overview
The Benefit Accrual Setup window is where the initial options are selected when configuring a benefit project.
Key Concepts
| • | Before you can create a Benefit Project, you must first create an Indirect Project that will represent the Benefit it represents (ie. Vacation, Sick, etc.) More on Projects |
Field Descriptions
Header
| • | Active - Status of the Benefit Project |
| • | Use Accrue Date for Schedule Placement - |
| • | Project - Benefit Project |
Accrual Type
Description - - When an employee is awarded benefit hours. The Accrual types look at the Accrue Date (Hire date if no Accrue Date Entered) to base the accrual on when calculating. These dates are located in the Employees>Employee Information Tab.
| • | Calendar - Accrues over the course of a year. |
| o | Type - The calendar type used for the accrual. Options are Anniversary, Calendar, and Fiscal Year. |
| • | Hours Worked - Accrues after an employee works a specified number of hours. |
Maximums
| • | Maximum Hours - When selected, you specify the maximum hours that are allowed to be accrued. and the |
| • | Maximum Carry Over - When selected, you specify the maximum number of hours that can be accrued from one year to the next. |
| • | Project Exclusions - This option allows you to exclude specific projects from this type of accrual. This addresses some of the recent laws passed in California that deal with accruals. |
Benefit Year
Description - Where you configure the year associate with the accrual.
| • | Days in Year - Number of days in accrual year. |
| • | Periods Per Year - Number of periods in accrual year. |
| • | Work Hours Per Year - Number of Work hours in accrual year. |
| • | Accrue Hours Per Year - Number of accrue hours awarded in accrual year. |
| • | Accrue Hours Per Period - Number of accrue hours awarded in period. (Calculation = Accrue Hours Per Year / Periods Per Year) |
Accrual Schedule
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