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 Post subject: Setting up Accrual
PostPosted: Tue Dec 06, 2016 1:55 am 
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Joined: Fri Jul 22, 2016 5:09 am
Posts: 12
I have been reading the manual but I don't completely understand how to setup accrual policies and the processes behind. Is there a document (or topic on the forum) available showing some with specific examples, the setup and explanation how this is suppose to work?


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 Post subject: Re: Setting up Accrual
PostPosted: Tue Dec 06, 2016 9:04 am 
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Joined: Tue Sep 19, 2006 2:22 pm
Posts: 7235
The Administrator Guide describes the Accrual policies in detail, if you are still having problems please ask a specific question here and we will be happy to try and assist you.


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 Post subject: Re: Setting up Accrual
PostPosted: Wed Dec 07, 2016 1:34 am 
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Joined: Fri Jul 22, 2016 5:09 am
Posts: 12
Ok let's start with a holiday and overtime balance:

I want to keep track on the consumed holidays of an employee during the year. Every year on 1 January an employee receives a new balance (the amount is depending on hire date). Holidays that are not consumed last year are added to the balance of the new year.
I added an accrual policy Vacation (see details in attachment, but I am not sure this will work).

Overtime balance: Should keep track on the overtime hours an employee during the year. The employee can decide to have time-for-time or to have the overtime paid.
On 1 January the overtime hours from last year that are not compensated are added to the balance of the new year.
How should I create a policy for this rule?

Thanks!


Attachments:
TimeTrex Accrual Vacation Policy.png
TimeTrex Accrual Vacation Policy.png [ 31.21 KiB | Viewed 685 times ]
TimeTrex Accrual Vacation Policy milestones.png
TimeTrex Accrual Vacation Policy milestones.png [ 13.44 KiB | Viewed 685 times ]
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 Post subject: Re: Setting up Accrual
PostPosted: Wed Dec 07, 2016 8:53 am 
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Joined: Tue Sep 19, 2006 2:22 pm
Posts: 7235
Change the Maximum Balance setting to 9999:00 as well, that will allow you to carry over balances from one year to the next. If Maximum Balance is set to 0, then the accrual is essentially disabled.


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 Post subject: Re: Setting up Accrual
PostPosted: Wed Dec 07, 2016 9:32 am 
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Joined: Fri Jul 22, 2016 5:09 am
Posts: 12
Thanks, your tip works!

But now the 2nd question: How to setup a overtime accrual policy?
I expected that I could make a accrual policy with an Accrual Account related to 'Overtime'. But this option is not there.

How can I accrual overtime and let the employee decide to have time-for-time or to have the overtime paid?


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 Post subject: Re: Setting up Accrual
PostPosted: Wed Dec 07, 2016 10:36 am 
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Joined: Tue Sep 19, 2006 2:22 pm
Posts: 7235
The overtime policy can be linked to a Pay Formula policy, which itself can then be linked to an Accrual Account. That way any overtime can get deposited into a time bank rather than paid out.

See the Administrator Guide for more information:
https://help.timetrex.com/v10.0/enterprise/?tt_version=1000#Modules/Pay_Formula_Policies.htm%3FTocPath%3DModules%7CTime%2520and%2520Attendance%7CPolicies%7C_____4


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