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Accruals Overview
An accrual policy defines how and when balances associated with accrual codes are credited and debited.
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Accrual Policies and Profiles
An accrual policy is a detailed collection of the organization’s benefit policies you want to track. An accrual profile is a group of accrual policies to be assigned to one or more employees.
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Accrual Types and Balances
An accrual type is a benefit, granted as time off or as a money amount, with a balance that must be tracked for individual employees according to your organizational policies.
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Accrual Rules
An accrual profile is a collection of accrual policies that determine an employee’s accrual balances. Accrual profiles let you assign one or more accrual policies to employees.
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Accrual Limits
An accrual limit, also known as an earning limit, is a restriction on the amount of earned time or money an employee can accumulate during a specific timeframe or have stored at any time.
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Request Limits
An accrual request limit, also known as a taking limit, is a specified maximum amount that an employee can take from an accrual balance within a timeframe.
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Carryover Limits
A carryover limit is a defined value of an amount that can remain in an accrual balance after a specific time period.
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Disbursement Types
A disbursement type, also known as a grant type, is an award of either days, hours, or money based on an employees’ years of service. Grants can be fixed or earned. Fixed grants credit balances in preset amounts in predefined intervals.
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UKG Concepts Video Gallery
