General questions about accrual policies and milestones
Posted: Wed Jul 03, 2019 5:49 am
Hello,
I have some general questions about accrual policies and milestones.
I have setup accrual policies for 'vacation'. This is setup for a policy group for an employee with a hire date of 4 years ago.
This accrual policy has the tab 'length of service milestones', I have made some definitions here for 0, 1, and 2 years.
There are accruals made for several types like Initial balance, Paid out, Gift, Awarded, Un-awarded for Vacation for this employee (for several years).
When I look at Accrual Balance I see a line with the balance for Vacation for this employee.
The general questions I have are:
- I understand via the 'length of service milestones', it should be possible to calculate a new balance for vacation for next year or after a payment period?
- How is this booked? I mean, does it create an accrual for vacation of type Rollover adjustment? If not, what does not create?
- Is the functionality of this 'length of service milestones' available in community edition? Because I do not see any results.
- Perhaps I am mistaken, but is this calculated during timesheet->recalculate-option and/or via process payroll?
I use the Community edition, version 11.5.2.
Thanks.
I have some general questions about accrual policies and milestones.
I have setup accrual policies for 'vacation'. This is setup for a policy group for an employee with a hire date of 4 years ago.
This accrual policy has the tab 'length of service milestones', I have made some definitions here for 0, 1, and 2 years.
There are accruals made for several types like Initial balance, Paid out, Gift, Awarded, Un-awarded for Vacation for this employee (for several years).
When I look at Accrual Balance I see a line with the balance for Vacation for this employee.
The general questions I have are:
- I understand via the 'length of service milestones', it should be possible to calculate a new balance for vacation for next year or after a payment period?
- How is this booked? I mean, does it create an accrual for vacation of type Rollover adjustment? If not, what does not create?
- Is the functionality of this 'length of service milestones' available in community edition? Because I do not see any results.
- Perhaps I am mistaken, but is this calculated during timesheet->recalculate-option and/or via process payroll?
I use the Community edition, version 11.5.2.
Thanks.