Accruals Overview
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Description
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An accrual policy defines how and when balances associated with accrual codes are credited and debited.
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An accrual policy defines how and when balances associated with accrual codes are credited and debited.
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Pay codes, also known as earning codes, identify categories in which employees can record their worked and non-worked time.
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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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Businesses have found that permissive time off policies ultimately benefit the organization through decreased absenteeism, increased job satisfaction, and reduced stress.
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