Accruals and Paid Time Off

Accruals is the amount of vacation time that an employee has earned as per a company's employee benefits policy, but which has not yet been used or paid.

Accruals may vary from person to person in an organization. Accrual policy for a senior person may be different than a policy for a fresher or the policy may be different for a full-time employee than a part-time employee.

New Accrual Policy

Figure: New Accrual Policy

The administrator can set various kinds of accrual policies. The different options that can be set in a policy are:

• Name and description of the policy.
• The period of accruals - weekly, monthly or yearly.
• The number of hours to be accrued for a person and whether they should be prorated.
• The calculation period - at the beginning of the year or at the end of the year.
• A maximum accrual limit can be set and also a limit for carryover can be fixed, or both can be set to a No Limit option.

User Accruals

Figure: Set User Accruals

Once the general accrual policy is set, the administrator can add employees to the policy. Each employee may have one or more accrual policies in various categories.